In this week’s episode, Preston and Stig discuss what they learned from reading Reid Hoffman’s book, The Start-up of You. Hoffman is a famous Silicon Valley billionaire who co-founded LinkedIn. His current net worth is nearly three billion dollars, and he has started and grown numerous successful businesses. Hoffman got his start as the COO of Paypal in 2000. Since that time he has gone on to be one of the most prolific venture capitalists in California. For example, Hoffman was one of the first investors in Facebook when the company was going through its first rounds of financing. Beyond those legendary decisions, Hoffman has invested in Airbnb, Coupons.com, Xapo, Flickr, Digg, Care.com, and numerous other major online companies.
Hoffman’s book, The Start-Up of You, suggests that people should treat themselves as individual businesses. The book is focused on the importance of networking and how important accessible contacts are. In the past, a person might be confined to only a few connections within their local network, but with the advent of the internet, things are drastically different. The author places much emphasis on the power of 2nd tier connection and how these people can be leveraged to gain access to almost anyone in the world. If you would like to read our five-page executive summary of The Start-Up of You, be sure to follow this hyperlink.
In this episode, you’ll learn:
- How to build a professional network, so you don’t have to apply for a job the traditional way.
- How you develop a competitive advantage as an employee in today’s market
- How to take intelligent risks in your business and on your job.
- Ask the investors: What are the biggest biases new investors have?
Books and Resources Mentioned in this Podcast
Reid Hoffman’s book: The Start-Up Of You – Read Reviews for this book
Peter Thiel’s book: Zero To One – Read Reviews for this book
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