Despite having a strong product idea, Reid Hoffman’s first startup collapsed, forcing him to return investors’ capital. This tough experience reshaped his approach to entrepreneurship. By embracing failure, iterating quickly, and adapting relentlessly, he went on to become a leader at PayPal and later, the co-founder of LinkedIn. In this episode, Reid shares the concept of blitzscaling, which prioritizes speed over perfection, smart strategies for taking risks, and insights on achieving rapid market dominance. In this episode, Hala and Reid will discuss: (00:00) Introduction (01:32) Building Impact-Driven Businesses (02:56) Why We Need More Entrepreneurs (04:31) The Vision Behind LinkedIn’s Success (06:43) Lessons from a Failed Startup (09:26) Making Quick, Intense Decisions at PayPal (12:39) Blitzscaling: Prioritizing Speed Over Efficiency (18:10) Maintaining Company Culture While Scaling (21:20) The Power of Early Market Dominance (25:01) The Five Stages of Company Growth (28:54) Strategies for Taking Intelligent Risks (31:44) Why Product Perfection Delays Success (33:25) Pivoting Early to Seize New Opportunities (36:18) Entrepreneurship as a Team Sport Reid Hoffman is an entrepreneur, investor, partner at Greylock, and co-founder of LinkedIn and Inflection AI. He was an executive at PayPal and a founding investor in several companies, including OpenAI. Reid actively supports various non-profits and has received numerous accolades, including an honorary CBE from the Queen of England and the Salute to Greatness Award from the Martin Luther King Jr. Center for his philanthropic efforts. Resources Mentioned: Reid’s Book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies : amzn.to/4jnQkfQ Sponsored By: OpenPhone - Get 20% off 6 months at openphone.com/PROFITING Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host Rocket Money - Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to rocketmoney.com/profiting Indeed - Get a $75 job credit at indeed.com/profiting RobinHood - Receive your 3% boost on annual IRA contributions, sign up at robinhood.com/gold Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap Youtube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new All Show Keywords: Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, mental health, Career, Leadership, Mindset, Health, Growth mindset. Career, Success, Entrepreneurship, Productivity, Careers, Startup, Entrepreneurs, Business Ideas, Growth Hacks, Career Development, Money Management, Opportunities, Professionals, Workplace, Career podcast, Entrepreneurship podcast…
Its the first 'real' episode of 2025! There's been a lot going on and we're trying our hardest to get you the Acme Cast you deserve! Thanks for listening and thanks for participating!
First episode of the new year is a Jermain-less episode of the year. Austin and Ben go in depth on their Nosferatu review (spoilers all over the place!), talk Universale Monsters, the GSO-Snowpacalypse, and more!
It's been a bit... How are you?! Done all your Holiday Shopping yet? Take advantage of the Acme Comics Downtown 12 Days of Christmas sale happening each day until December 23rd!
Hard to believe it, but November is almost over and Holiday shopping is around the corner. Enjoyyed this relaxed fit episode before we head into another busy period at Camp Acme. Go watch Legends of the Superheroes and tell us what you think about the Saturday Comics idea! Email your thoughts to ben@acmecomics.com!…
We're coming off an extremely busy October! Jermaine breaks down the Tony Fleecs and Tone Rodriguez signing, we talk A LOT about the Absolute Universe, and we get to some great listener questions! Send your listner questions to BEN@ACMECOMICS.COM
We celebrated the Acme Comics Downtown One Year Anniversary on October 28th! To celebrate the conclusion of an incredible day we sat down with our guest for the weekend, Daniel Warren Johnson to record the first ever AcmeCast with a LIVE STUDIO AUDIENCE! Thank you everyone who made the weekend one to remember!…
A bonus episode of the cast! We recorded our spooktacular with the spooky doctor himself Jack Dougherty a very eerie Friday evening! Listen to us regale you tales of our favorite Halloweens!
We live vote for the Ringo awards, the comic book awards presented yearly at Baltimore Comic-Con. We dig into some of the best listener questions of late!