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…
Prompt Queens is songwriting/comedy podcast. Every episode we write to a new prompt, play our songs, discuss songwriting and the creative process, and invite you to play along at home. Hosted by Emily Dunbar & Hope Dunbar.
Prompt Queens is songwriting/comedy podcast. Every episode we write to a new prompt, play our songs, discuss songwriting and the creative process, and invite you to play along at home. Hosted by Emily Dunbar & Hope Dunbar.
Hello!! What will happen this time? Will Emily have to call in at the end of the episode to be there for the goodbyes? Will Google finally offer us a super sweet sponsorship deal? Will Hope and Emily write and share two new songs to the prompt 'Murder Ballad?' Yes. That last one is a yes.
Rascal is the prompt today and who knows what's gonna happen but probably raccoons will knock over your trash cans (energetically speaking). Write one yourself. Thank you for listening!
Emily's love of houseplants is the inspiration for this week's episode. The lush green of the foliage really comes out in the chorus, ya know? Tune in and find out what happens next on this week's installment!
The data shows that whenever we have a prompt that mentions a truly successful songwriter, more of you tune in. NO, Mr. Richie did not have time in his busy schedule to come out and do the show with us, but don't worry. We wrote his songs for him.
Nothing says, "We're getting tired of this thing called cold in late winter and begging for spring", than the prompt "Costa Rica!" Emily and Hope tackle this new one and Hope convinced early on that this might be the episode where they each finally end of bringing the same song to the table....and now you have to listen to find out. Listen, like, share, subscribe and thank you. Keeping writing!…
Dear friends, It's us again and we're back with another NEW weekly installment of everyone's favorite prompt songwriting podcast. Listen in as Hope and Emily tackle the prompt, "Cooler." I know I know. YOu have questions. So do we. Tune in to see if anything got clearer for any of us. Love, Hope and Emily…
Don't ask us why the prompt is Neptune, just honor the moment, OK? It's where we're at, it took us to places, and we took you along for the journey without even asking your permission. WE're still back, this second episode of Season THREE is proof and we love you. Now go write that song.
Did you think we were gone for good? Nope. Just steeping. Just brewing, like a good cup of TEA. Welcome back, friends and neighbors. Hope and Emily return with a brand new episode and a brand new lease on life. It's on. Let's write some songs.
Emily and Hope are in The Garden State and writing new songs to share with you! It's been a minute and we've missed you. This is Prompt Queens, my friends!
My final interview from the dance is Mr. Mark Erelli. What a pleasure to get a chance to talk to him after being a fan of his for so many years. Mark (and Emily) and I have met many times through The Listening Room in Hastings, but this was the first time I had the chance to talk songs. Listen in, hear his great song, "The Hitter," and be sure to check out the rest of his catalog after the show. In light of recent events, I recommend his song, "By Degrees" if you haven't heard it yet. Find out more and where he's playing by checking out his website, www.markerelli.com…
My friend and FAI roommate, Katie Dahl, is number five of six field reports and it was so delightful to get a chance to talk songs and writing with her on the microphone. Also, Emily and I talk about Katie every third episode probably on an average PQ rotation. Find out more about Katie and follow her on the socials! Her website is: www.katiedahlmusic.com…
Continuing our field reporting with new music from artists you may or may not know, this 4th report features U.K. artist Carmen Phalen of Misty River. You are going to want to listen to this conversation because it's testimony to what music can do and how life can flash neon signs to help you along your way. I had so much fun getting a chance to talk to Carmen. Be sure to find out more by following her on Instagram: @mistyrivermusic and her website: www.mistyrivermusic.com…
My third field report is with my friend, Darryl Purpose. We get a chance to talk on mic about his work, his life and music and it was so much fun! Enjoy this episode and look for Darryl on all the socials! His website is www.darrylpurpose.com
Our second Folk Alliance field report songwriter is U.K's Chloe Foy. It was so fun to get to sit down with an artist who I really didn't know and get a chance to hear her talk about her work, her process and her music. It was so much fun! You can find Chloe on instagram, she is @chloefoymusic and her website is: www.chloefoy.com…
Hey everyone! This is Prompt Queens reporting from Folk Alliance International! This is Hope in the field submitting the first of six field reports where I interview 6 artists from Folk Alliance. Our first field report is Colorado songwriter, Matthew Fowler. You can find him on Instagram: @matthewkfowler His website is: www.matthewfowlermusic.com…
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