Reid Hoffman and Chamath Palihapitiya on Angel Investing and The Future of Venture
Chamath Palihapitiya (@chamath), CEO of Social Capital, and Reid Hoffman (@reidhoffman), partner at Greylock, joined Village Global co-founder and partner Ben Casnocha at a special Village Global event.
Angel Island brought together 100+ angel investors for talks from world-class investors, discussions, and opportunities to make new connections.
In this session they discussed:
- What is broken about venture and how to fix it.
- Why Reid is backing new experiments in venture.
- Their thoughts on the solo GP phenomenon.
- How to think about risk when evaluating an investment.
- Whether they're long or short Silicon Valley.
- Why SPACs are here to stay.
- How to think about diversification in an angel portfolio.
- The state of pricing across different rounds.
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In this episode of Influencers, Andy speaks with LinkedIn Co-Founder and Greylock Partner, Reid Hoffman, about the incoming Biden administration, big tech regulation, fighting misinformation on social media, and what's in store for U.S. / China relations.
If you can find a valuable market which has been overlooked, or where your competitors are lazy or stuck in their ways, you can beat that competition, no matter how big or rich those other players might be. Greylock general partner Reid Hoffman and his Blitzscaling co-author Chris Yeh discuss why entrepreneurs are far better off pursuing a high-value opportunity with bad competition over a low-value opportunity with no competition, highlighting case studies of SpaceX, Tesla, Virgin Atlantic and LinkedIn. This podcast is the first in a multi-part installment looking at the fundamental laws of entrepreneurship.
245. Backing from Bezos, Zuckerberg, and Gates; Lessons from Reid Hoffman; and Building a Network-centric Venture Firm (Ben Casnocha)
Ben Casnocha of Village Global joins Nick to discuss Backing from Bezos, Zuckerberg, and Gates; Lessons from Reid Hoffman; and Building a Network-centric Venture Firm. In this episode, we cover:
- How have things changed for the firm since the pandemic broke? - You've raised from some very big names in tech -- Zuckerberg, Hoffman, Gates, Bezos, Greene, Blakely and many more. How exactly did the formation of Village and fundraise from these notable tech leaders come together? - Village has a unique approach to sourcing... Tell us about the scout network? - Decision making process, architecture when doing deals at this pace and volume? - Many firms talk about their founder networks and Slack Groups. But often if you ask founders, the density and connectivity of those networks are lacking. What is it about your broad founder community that succeeds where others don't? - Worked with Reid Hoffman for two years... what were some of the key lessons from that experience w/ Reid? - YC is in full swing right now... many investors I've chatted with this week are a bit dizzy with the number of companies they're meeting with. Do you invest in companies coming out of YC? - What do you think the future holds for accelerators like YC? - How do you determine when to make an exception on a deal? We all have rules, check-size, valuation range, etc... how do you know when to go off-thesis? - What are your thoughts on the future of Valley-based investing vs. investing outside the Valley? - Thoughts on all these large, multi-stage firms investing at seed and pre-seed? - Capital Supply and concentration is at new levels in the Bay Area... especially for seed investors. While it's reasonable that more great companies will be built with the tools and opportunities available, this all won't end well. I've seen pricing spike and aggressive tactics changing from investors to get access to deal. What are you observing and how do you think it plays out?
478: Reid Hoffman is an iconic Silicon Valley entrepreneur, venture capitalist, and author. Perhaps best known as the co-founder and former CEO of LinkedIn, he is currently a partner at the venture capital firm Greylock Partners, where he focuses on early-stage investing. He hosts the podcast, Masters of Scale. In this interview, we discuss:
The current pandemic and the economic crisis
How one must lean on one’s ecosystem for insights and support while offering the same back into the ecosystem
How the pandemic has caused previous market failures to move to market readiness
The importance of entrepreneurs co-designing their go-to-market strategy
The precise definition of blitzscaling and its application to large companies
A lot of people are between jobs right now. In the past, “go network” would have been Jessi’s first advice on how to change that. But there is no “let’s grab coffee” right now. And even if you can meet in person, the help is often less immediate and tangible. So many companies are just not hiring. So...how do we network now? Entrepreneur and LinkedIn co-founder Reid Hoffman joins Jessi to help her and the Hello Monday audience make sense of virtual networking. He offers tangible, actionable tips for how we can all be better at it, right now.
Reid Hoffman: "First, be human.” Thoughts on the crisis from the host of Masters of Scale
Can you blitzscale when the world grinds to a halt? How do you do right by your team AND your investors? What will the entrepreneurial world look like on the other side of this? In this special episode, Reid Hoffman, sits on the other side of the mic with Rapid Response host Bob Safian — contextualizing the crisis and offering a hopeful viewpoint.
How Reid Hoffman & James Currier See the Path Ahead for Founders during The Great Reset
Today Reid Hoffman & James Currier discuss the path ahead for Founders in a post-COVID world. What you need to learn and unlearn to get your company through a crisis, frameworks for the tough decisions Founders are facing today and the way they see the world changing forever - opening new opportunities for savvy founders. Reid is the co-Founder and was the executive chairman of LinkedIn, and is now a partner at Greylock.
In this episode, we discuss: - How to be human first - The VC landscape post-COVID - How to make decisions around risk - The mental patterns Founders should unlearn - Founders & frugality - Silicon Valley's involvement in COVID-19 - Zero-sum thinking
Be on the lookout for new episodes on The NFX Podcast and read more NFX content at - www.nfx.com/essays
Reid Hoffman's success as a founder of LinkedIn, investor in Airbnb and Facebook, and charter member of the PayPal Mafia have a common thread - an intense passion for creating valuable networks with people at the center. In this episode, Mike Maples, Jr of Floodgate talks to Reid about key approaches for building valuable business and consumer networks from the ground-up.
Reid Hoffman on Systems, Levers, and Quixotic Quests
When Reid Hoffman creates a handle for some new network or system, his usual choice is “Quixotic.” At an early age, his love of tabletop games inspired him to think of life as a heroic journey, where people come together in order to accomplish lofty things. This framing also prompted him to consider the rules and systems that guide society—and how you might improve them by identifying key points of leverage.
At first, he thought he’d become an academic and work with ideas as one of those Archimedean levers. But he ended up focusing on technology instead, helping to build PayPal, LinkedIn, and now many other ventures as an investor at Greylock Partners. But he still thinks ideas are important and tries to employ a “full toolset” when trying to shift systems.
Reid joined Tyler to talk about all these leverage points and more, including the Silicon Valley cultural meme he most disagrees with, how Wittgenstein influenced the design of LinkedIn, mystical atheism, what it was like being on Firing Line, why he’s never said anything outrageous, how he and Peter Thiel interpret The Tempest differently, the most misunderstood thing about friendship, how to improve talent certification, what’s needed from science fiction, and his three new ideas for board games.
In DC on Feb 17? Register for our next live show with John McWhorter here.