Later, Hoffman launched career-networking site LinkedIn without a key feature. He argues this made PayPal nimble and adaptable to change. He believes in embracing chaos, tolerating “bad” management and even launching embarrassing products in need of improvements.Īt PayPal – where Hoffman served as an executive – he says managers neglected to have career-development conversations with employees nor did they have a belief of what the company should look like in three years.
“You accept the risk of making the wrong decision and willingly pay the cost of significant operating inefficiencies in exchange for the ability to move faster.” “Blitzscaling is a race to build things that make the world a better place,” Hoffman writes with this co-author Chris Yeh.
Hoffman, who co-founded LinkedIn and was one of Facebook’s first investors, details in his new book “ Blitzscaling” how companies must continue to grow at chaotic speeds and take on risks to not only survive but evolve into modern, massive companies like Airbnb, Facebook and Uber. Silicon Valley has been under scrutiny recently for everything from undermining American elections to grinding traffic to a halt in cities.īut prominent tech investor Reid Hoffman says that’s the price of building a better world.
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