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Article Description: [79:39]REVIEW-VIDEO-episode-500 - ] Reid Hoffman, founder @linkedin, co founder @paypal, founder @ social.net,

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Content: use HTML Edit Content <h1 style="text-align: center;">REVIEW - twist - 2014-11-14</h1> <h2>[subjects]</h2> <ol> <li><strong>[about this episode]</strong></li> <ol> <li>] Today on TWIST: Reid Hoffman! In this riveting 90 minutes, Jason sits down at LinkedIn with its legendary founder, entrepreneur, product strategist, investor, and author. Get ready to take notes -- and watch &amp; listen at least twice -- as Reid shares a treasure trove of insights and lessons. You'll hear his early inspirations, origins of the "PayPal mafia," secrets to his successes, greatest mistakes, sharp advice to entrepreneurs, smartest investment strategies, his impressions of fellow Silicon Valley luminaries (hints: Elon Musk, Mark Zuckerberg, Peter Thiel....), why he holds himself to a high standard, his insights into our biggest problems today and what even defines a human society -- and much MUCH more.</li> </ol> <li><strong>[<a href="https://www.youtube.com/watch?v=nNuYE80m-00" target="_blank">00:00</a>] &nbsp;</strong></li> <ol> <li>]</li> <li>]</li> </ol> <li><strong>[00:00] AD pagerduty.com/twist</strong></li> <ol> <li>] pagerduty - HQ in&nbsp;toronto</li> </ol> <li><strong>[<a href="https://www.youtube.com/watch?v=nNuYE80m-00&amp;t=1740" target="_blank">29:00</a>] on social.net failure, how did it affect you?</strong></li> <ol> <li>] told his Dad it would take between 3-5 companies to succeed</li> <li>] stats show majority of startups fail, something like&nbsp;70%+</li> <li>] you cannot bat 1000, .400 is pretty good</li> <li>] entreps should presume that going in,&nbsp;should think about that, really critical to do</li> <li>] think about what the next game is, looks like</li> <li>] think about your relationships with VC, with co founders, employees team, partners and customers</li> <li>] what are you learning, &nbsp;</li> <li>] was bummed when social net failed,</li> <li>] 1 critical mistake - <strong>1 lesson</strong> - ??</li> <li>] entrepeneurships has many paradoxes, ex you have to think both long term, short term</li> <li>] long - this is what we are building</li> <li>] short - this is how we solve this problem</li> <li>] got advice - don't focus on finance strategy</li> <li>] but with each round of financing, your already thinking of the next round of financing, island hopping to get from point a to point ...</li> <li>] financing strategy is fundamental -</li> <li>] frequently founders go to raise money, when they need money,</li> <li>] should have been meeting VC's 1 year earlier,</li> <li><strong>] tell them -</strong> this is what i am doing, this is how i am thinking about this, will be talking to you in next 6-18 months ...</li> <li><strong>] ask them -</strong> do you have any advice, concerns, whats your interest level in this area</li> <li>]<strong> 2nd thing</strong> - product distribution is almost a harder problem then building a great product</li> <li>] people tend to think, if i build it, they will come,</li> <li>] consumer products, frequently time to market is key,</li> <li>] get it out there, if your not embarrased by your&nbsp;MVP, your doing it wrong&nbsp;</li> <li>] learn and iterate</li> <li><strong>] focus on how your product is going to get distributed</strong></li> <li>] tons of product X,</li> <li><strong>] how is it that people encounter this product in increasing numbers .</strong>..</li> </ol> <li><strong>[<a href="https://www.youtube.com/watch?v=nNuYE80m-00&amp;t=1980" target="_blank">33:00</a>] what&nbsp;would roll&nbsp;your "surprise and&nbsp;delight" flag</strong></li> <ol> <li>] the "expression" originated in early internet days, as a way of expressing ..</li> <li>] how is this something <strong><em>categoricially different</em></strong> than other things that exist ...</li> <li>] NOT "this is the uber of ...", "this is the air bnb of ...", "this is hacker news for ...."</li> <li>] OMG ive never seen&nbsp;a product like this before</li> <li>] think about that in terms of product differentiation</li> </ol> <li><strong>[<a href="https://www.youtube.com/watch?v=nNuYE80m-00&amp;t=2040" target="_blank">34:00</a>]&nbsp;on monetization at linkedin, when </strong></li> <ol> <li>] won the award for __, __ asked to itroduce, b/c</li> <li>] the series A deck that they had presented, was exactly what they had done</li> <li>]</li> <li>1] build mvp</li> <li>2] get cust</li> <li>3] monetization</li> </ol></ol> <h2>[systems]</h2> <ol> <li>] linkedin</li> <li>] social.net</li> <li>] six degrees</li> <li>]</li> </ol> <h2>[people]</h2> <ol> <li><strong>] show host</strong></li> <ol> <li>] <a href="/view/person?id=298" target="_blank">Jason Calacannis</a></li> </ol> <li><strong>] guest(s)</strong></li> <ol> <li>] <a href="/view/person?id=308" target="_blank">Reid Hoffman</a></li> </ol> <li><strong>] name drop</strong></li> <ol> <li>] <a href="/view/person?id=310" target="_blank">elon musk</a></li> <li>] <a href="/view/person?id=294" target="_blank">peter thiel</a></li> <li>] ...</li> </ol></ol> <h2>[events]</h2> <div><iframe src="http://www.youtube.com/embed/LtyQYQl1ujM" frameborder="0" width="640" height="390"></iframe></div> <h2>[places]</h2> <ol> <li>]&nbsp;<a href="http://thisweekinstartups.com" target="_blank">show url</a>&nbsp;- shows home page with video of show and links</li> <li>]&nbsp;show notes&nbsp;- detailed show notes, transpcript, links to resources&nbsp;</li> <li>&nbsp;</li> </ol> <h1 style="text-align: center;">&nbsp;</h1>