Reid Hoffman

Entrepreneur

Reid Hoffman was born on August 5th, 1967 in Stanford, California, United States and is the Entrepreneur from United States. Discover Reid Hoffman's biography, age, height, physical stats, dating/affair, family, hobbies, education, career updates, and networth at the age of 55 years old.

Date of Birth
August 5, 1967
Nationality
United States
Place of Birth
Stanford, California, United States
Age
55 years old
Zodiac Sign
Leo
Networth
$3 Billion
Profession
Businessperson, Entrepreneur, Investor, Writer
Social Media
Reid Hoffman Height, Weight, Eye Color and Hair Color

At 55 years old, Reid Hoffman physical status not available right now. We will update Reid Hoffman's height, weight, eye color, hair color, build, and measurements.

Height
Not Available
Weight
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Hair Color
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Eye Color
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Build
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Measurements
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Reid Hoffman Religion, Education, and Hobbies
Religion
Not Available
Hobbies
Not Available
Education
Stanford University (BS), Wolfson College, Oxford (MSt)
Reid Hoffman Spouse(s), Children, Affair, Parents, and Family
Spouse(s)
Michelle Yee ​(m. 2004)​
Children
Not Available
Dating / Affair
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Parents
Not Available
About Reid Hoffman

Reid Garrett Hoffman CBE (born August 5, 1967) is an American internet entrepreneur, venture capitalist and author.

Hoffman was the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking.

He is currently a partner at the venture capital firm Greylock Partners.

On the Forbes 2019 list of the world's billionaires, Hoffman was ranked #1349 with a net worth of US$1.8 billion.

Early life and education

His paternal great-great-great-grandfather was Theophilus Adam Wylie, a Christian Presbyterian minister and Indiana University president pro tempore. Hoffman's uncle Eric Hoffman is a writer.

Hoffman described himself an avid tabletop roleplaying gamer as a child. His first paid job (at age 12) was as an editor at the game company Chaosium, then based in Oakland near his home. Although he was only 14 years old at the time, Hoffman's name was featured on the box of Chaosium's RuneQuest role-playing game release Borderlands (1982), receiving equal billing with game designers Steve Perrin, Sandy Petersen and Greg Stafford.

Hoffman attended high school at The Putney School, where he farmed maple syrup, drove oxen and studied epistemology. He graduated from Stanford University in 1990, where he won both a Marshall Scholarship and a Dinkelspiel Award, with a B.S. in Symbolic Systems and Cognitive Science. He went on to earn an M.St. in Philosophy from Wolfson College, Oxford in 1993 as a Marshall Scholar.

Career

While in college, according to Hoffman, he formed a conviction that he wanted to try to influence the state of the world on a large scale. He saw academia as an opportunity to make an "impact," but later realized that an would provide him with a larger platform. "When I graduated from Stanford my plan was to become a professor and public intellectual. That is not about quoting Kant. It's about holding up a lens to society and asking 'who are we?' and 'who should we be, as individuals and a society?' But I realized academics write books that 50 or 60 people read and I wanted more impact."

With that in mind, Hoffman pursued a career in business and entrepreneurship. His first job was an internship at Inglenook, a winery in Napa Valley. He later joined Apple Computer in 1994, where he worked on eWorld, an early attempt at building an online service. AOL acquired eWorld in 1996. He later worked at Fujitsu before co-founding his first company – SocialNet.com in 1997. It focused "on online dating and matching up people with similar interests, like golfers who were looking for partners in their neighborhood." Peter Thiel has said SocialNet.com was "literally an idea before its time. It was a social network 7 or 8 years before that became a trend.". Philosophy still greatly influences Hoffman's worldview as he wrote the foreword to the book, The Entrepreneurs Weekly Nietzsche which came out in May 2021 and laid out why he believes that a fundamental understanding of philosophy can be a powerful tool for entrepreneurship in an episode of the Greymatter podcast called "The Philosopher Entrepreneur".

While at SocialNet, Hoffman was a member of the board of directors during the founding of PayPal, an electronic money transmission service. In January 2000, he left SocialNet and joined PayPal full-time as the company's COO. Allen Blue, whom Hoffman hired at PayPal, said that "PayPal had to scratch and claw for every advantage it had, and Reid became an expert at competing effectively in an extremely competitive environment." Hoffman was responsible for all external relationships for PayPal, including payments infrastructure (Visa, Mastercard, ACH, Wells Fargo), business development (eBay, Intuit, and others), government (regulatory, judicial), and legal. Peter Thiel, Hoffman's boss at PayPal, has said that Hoffman "was the firefighter-in-chief at PayPal. Though that diminishes his role because there were many, many fires." At the time of PayPal's acquisition by eBay for $1.5B in 2002, he was executive vice president of PayPal.

Hoffman co-founded LinkedIn in December 2002 with two former colleagues from SocialNet (including Allen Blue), from his time at Fujitsu. It launched on May 5, 2003, as one of the first business-oriented online social networks. Peter Thiel, a colleague of Hoffman's at PayPal, invested in LinkedIn. By November 2014, LinkedIn had over 332 million members in more than 200 countries and territories and now has nearly 800 million members. The site allows registered users to create professional profiles and connect with each other. Users can invite anyone (whether a site user or not) to become a connection. According to Forbes, "LinkedIn is, far and away, the most advantageous social networking tool available to job seekers and business professionals today."

Hoffman was LinkedIn's founding CEO for the first four years before becoming chairman and president of products in February 2007. He became executive chairman in June 2009. With the IPO of LinkedIn on May 19, 2011, Hoffman owns a stake worth an estimated $2.34 billion, not including any potential benefits from Greylock Partners, where he was named a partner in 2009. Hoffman believes that many people still do not know how to use its service and it is LinkedIn's job to help them out. In an interview, Hoffman said that "you have to think proactively about how to use a tool that enables your ability to move in ways that you weren't able to move before, and most of people are not very good at that".

Microsoft proposed to acquire LinkedIn on June 13, 2016 for $26.2 billion in cash. Hoffman became a Microsoft board member on March 14, 2017.

In March 2022, it was announced that Hoffman was co-founding a new startup, Inflection AI, with his long-time friend and Greylock colleague, Mustafa Suleyman, the co-founder of DeepMind. CNBC reported that "Headquartered in Silicon Valley, Inflection will aim to develop AI software products that make it easier for humans to communicate with computers."

After the PayPal sale to eBay, Hoffman became one of Silicon Valley's most prolific and successful angel investors. According to venture capitalist David Sze, Hoffman "is arguably the most successful angel investor in the past decade." Dave Goldberg, former CEO of SurveyMonkey, said that Hoffman "is the person you want to talk to when you are starting a company." In 2010 Hoffman joined Greylock Partners and made his first, early investment in AirBNB. His areas of focus at Greylock include consumer and services, enterprise software, consumer Internet, enterprise 2.0, mobile, social gaming, online marketplaces, payments, and social networks.

In 2020, Greylock, the venture capital firm where Hoffman is a partner, created an ongoing partnership with Management Leadership for Tomorrow (MLT) to get more Black, Latino and Indigenous people into tech startups. As part of this partnership. Greylock’s partners also donated $5 million to anchor MLT’s first-ever impact fund, which allows MLT to participate as a limited partner in Greylock’s latest $1 billion fund.

According to David Kirkpatrick's book The Facebook Effect, Hoffman arranged the first meeting between Mark Zuckerberg and Peter Thiel, which led to Thiel's initial $500,000 angel investment in Facebook. Hoffman invested alongside Thiel in Facebook's first financing round.

Hoffman's current venture capital investments include Aurora, Blockstream, Coda, Convoy, Entrepreneur First, Joby Aviation, Nauto, Neeva, Nuro, Taptap Send and Helion Energy.

Past investments include 3DSolve, Airbnb, Coupons.com, Digg, Edmodo, Flickr, Gixo, IronPort, Knewton, Kongregate, Last.fm, Nanosolar, One Kings Lane, Permuto, Ping.fm, Shopkick, SixApart, thesixtyone, Swipely, Tagged, Technetto, TrialPay, Vendio, VigLink, Viki, Wikia, Wrapp, and Xapo. He served on Zynga's board of directors from March 2008 to June 2014 and currently serves on several public boards including Aurora, Joby Aviation and Microsoft.

Hoffman is arguably one of the most important investors for the future of transportation, making investments in Aurora (autonomous trucking), Convoy (trucking logistics marketplace), Nauto (AI software for driver safety), Nuro (autonomous, zero-occupant delivery vehicles for goods) and Joby Aviation (electric, aerial ride-sharing) among others.

An early advocate for cryptocurrency, Hoffman led the 2014 Series A financing round in Xapo, a company that created a combination between a bitcoin vault and a bitcoin wallet and was an early supporter of Celo, an open platform that makes financial tools accessible to anyone with a mobile phone. In 2015, he was interviewed at Davos and said crypto “could open up the advantages of banking to regions of the world that do not yet benefit from the banking system” and then wrote an article in WiredUK evangelizing for why the blockchain matters. In 2019, Hoffman created a "Bitcoin Rap Battle Debate: Hamilton vs. Satoshi" and posted it on YouTube, racking up over 2 million views.

Hoffman teaches the free Stanford University class, "Blitzscaling".

Honors and awards

  • In 2022, Reid delivered the commencement address at Vanderbilt University and received Vanderbilt's Nichols-Chancellor's Medal.
  • In 2017 he was appointed an Honorary Commander of the Order of the British Empire (CBE), "For services to promoting UK business and social networking and the Marshall Scholarship scheme".
  • In September 2014, the American Academy of Achievement awarded Hoffman with the annual Golden Plate award, which honors accomplished individuals "for significant achievement in their fields."
  • In April 2014, President Barack Obama named Hoffman as a Presidential Ambassador for Global Entrepreneurship "to help develop the next generation of entrepreneurs."
  • In April 2014, Hoffman received the Distinguished Citizen Award from the Commonwealth Club.
  • In May 2012, Hoffman was ranked third on the Forbes Midas List of the top tech investors. Forbes described Hoffman as "Silicon Valley's uber-investor" and said Hoffman "has had a hand in creating nearly every lucrative social media startup."
  • In 2012, The Martin Luther King Jr. Center honored Hoffman with their "Salute to Greatness" award which "recognizes individuals and corporations or organizations that exemplify excellence in leadership and a commitment to social responsibility in the spirit of Martin Luther King, Jr."
  • In 2012, Newsweek and The Daily Beast released their first "Digital Power Index," a list of the 100 most significant people in the digital world that year (plus 10 additional "Lifetime Achievement" winners), and Hoffman was ranked No. 3 in the "Angels" category.
  • In 2012, Hoffman, along with Salman Khan of Khan Academy, was honored by the World Affairs Council and Global Philanthropy Forum in 2012. The council recognizes and honors remarkable leaders who have effected and will continue to effect social change through their private enterprise and social action. The awards in 2012 were dedicated to celebrating Technology for Social Impact.
  • Hoffman was awarded the 2012 David Packard Medal of Achievement Award by TechAmerica for his contributions and advances within the high-tech industry, his community, and humankind.
  • Hoffman received an Honorary Doctor of Laws from Babson in 2012.
  • In 2011, Hoffman and Jeff Weiner of LinkedIn shared the EY U.S. Entrepreneur of the Year Award.
  • In 2010, Hoffman was named No. 17 on Fast Company's list of the 100 Most Creative People in Business.

Personal life

In 2004, Hoffman married Michelle Yee. The couple resides in Seattle, Washington.

Source

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