LinkedIn Corp. (LNKD)’s Hoffman Talks About His Connections from PayPal

In a recent interview with Bloomberg’s Emily Chang, LinkedIn Corp. (NYSE:LNKD)’s co-founder, Reid Hoffman, shares his thoughts on how did a new generation of entrepreneurs had emerged out of PayPal and he being one of them, how does he connects with the others when he needs their assistance.

“PayPal collected a whole bunch of people who were young and intense and were entrepreneurial themselves.”

He said that when eBay Inc (NASDAQ:EBAY) acquired PayPal in 2002, these young groups of entrepreneurial minds wondered as to what should be their next step, and that is when Hoffman started ‘LinkedIn Corp. (NYSE:LNKD),’ Chad Hurley & Steve Chen co-founded ‘YouTube,’ Jeremy Stoppelman & Russel Simmons founded ‘Yelp Inc. (NYSE:YELP),’ and Elon Musk went on as a co-founder for Tesla Motors Inc. (NASDAQ:TSLA) & SpaceX.

LinkedIn Logo

On being asked about who he would usually call and for what kind of questions, the co-founder of LinkedIn Corp. (NYSE:LNKD) said that he would call Peter Thiel, the co-founder of PayPal and also a venture capitalist, for matters relating to macroeconomics or finance, whereas he said that he would call Elon Musk, the CEO of Tesla Motors Inc. (NASDAQ:TSLA), whenever he would need help on some super big idea where risk is not a concern.

Hoffman, thus showed that how the top notch personalities and executives of Silicon Valley connect with each other even if they seem to be totally unrelated to each other businesses and markets.

Moreover, the group of entrepreneurs that have risen from PayPal and who now rule our daily lives with their path-breaking innovations in devices as well as services are known as the ‘PayPal Mafia’ by Fortune Magazine. These breed of intelligent, aggressive and smart entrepreneurs have given us some of the world famous social networks like YouTube, LinkedIn, Facebook Inc. (NASDAQ:FB) as well some of the most revolutionary technology brands like Tesla Motors Inc. (NASDAQ:TSLA).

Hoffman, who was LinkedIn Corp’s (NYSE:LNKD) founding CEO had founded the company in December 2002 and whom his former boss at PayPal, Peter Thiel, called a “firefighter-in-chief” for PayPal.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!