Reid Hoffman had started and failed at his first startup. Yet he decided to start another startup Linkedin.
When Reid opened LinkedIn to the public, he thought users will sign up in droves.
To his utter surprise, users sign-ups were a trickle. Very few people signed up. He had one final idea to get users and decided to take one more chance and if it didn’t work out, he may have to close down Linkedin, Listen in for this final idea he had.
He persevered, grew it and made it profitable. Later he sold it to Microsoft for $20+ billion.
What you could learn from this episode:
- The first disappointment he faced when he started LinkedIn.
- why he believed he was a very bad student.
- How he realized whether studies or Games were important in life.
- What was his original plan for his career .
- Why he decided to pursue entrepreneurship.
- How he created a plan on what to learn.
- How he started his first startup and failed miserably.
- What he did after his failure to make money.
- How he got the idea for LinkedIn.
- What they did when no-one was signing up for Linkedin.
- What they did to make money when money was running out.
