5/3/2023 0 Comments Reid hoffman paypal![]() ![]() Your network is your net worth and, as Reid says, “The fastest way to change yourself is to hang out with people who are already the way you want to be.” Comments It’s about who you know – and who knows you. It’s the biggest acquisition that Microsoft has ever made. Reid took his share and launched LinkedIn, aiming to grow it into the World’s No.1 Professional Networking site.ġ3 years later, and Reid is now selling LinkedIn – with its 433 million members – to Microsoft for $26 billion. ![]() Though that diminishes his role because there were many, many fires.”Īfter a decade of Reid networking while finding out what was not working, and after two years at PayPal, eBay bought the company for $1.5 billion. Peter said Reid “was the firefighter-in-chief at PayPal. Reid joined in 2000 to look after all PayPal’s external relationships. The rocket is about to start taking off.” We thought we were going to partner with newspapers, and that didn’t work.”Īgain, Reid’s product didn’t work and, again, Reid’s network grew.Ī friend of his, Peter Thiel, was quick to act: “When I decided to leave Socialnet to start another business, I went to Peter and he said, “No, don’t do that yet. It also had some activities like finding golf partners and roommates and that kind of stuff.”īut SocialNet didn’t work either. eWorld didn’t work, but Reid’s network grew, and he launched his own social network, SocialNet, in 1997.Īs he remembers, “SocialNet focused on online dating. So Reid joined Apple to build ‘eWorld’ – an early social network.
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