#101: The Oracle of Silicon Valley, Reid Hoffman (Plus: Michael McCullough)
The Tim Ferriss Show
What Should Founders Remember When Searching for Ceos?
Founders should try to go the entire course with the company. Companies are always stronger with founders more connected and committed to it. The fundamental way silicon valley used to look at this is Like you bring in gray hair and executive a person with management scale, says Hofman.
Reid Hoffman (@reidhoffman) is often referred to as "The Oracle of Silicon Valley" by tech insiders, who look at his company-building and investing track record (Facebook, Airbnb, Flickr, etc.) with awe. Reid is Co-Founder and Executive Chairman of LinkedIn, which has more than 300 million users. He was previously Executive Vice President at PayPal, which was purchased by eBay for $1.5 billion. There, he was nicknamed "firefighter-in-chief" by CEO Peter Thiel. Noted venture capitalist David Sze says of Reid, "[he] is arguably the most successful angel investor in the past decade." They are now both partners at Greylock Partners. In this podcast, he is joined by Michael McCullough, MD, a close friend, co-founder of QuestBridge.org, and a successful investor with training as an ER physician. Michael is as an Assistant Clinical Professor at UCSF and previously served as the on-call ER physician to the Dalai Lama. Michael is also a Rhodes Scholar, Kaufman Fellow, and Ashoka Fellow. An avid meditator, he is particularly interested in investing in technologies and companies pertaining to the mind. We cover A LOT, including: Meeting Mark Zuckerberg for the first time and deciding to invest in Facebook "Fire-fighting" in startups and beyond Using board games to develop strategy Reid's view of what Uber has done well and what they could improve Some of Reid's suggested philosophers for entrepreneurs Non-technical founders and symbolic systems Going "off algorithm" in the ER to manage life-and-death decisions The 3 types of CEOs What Reid has learned from his network, including the founders of Airbnb, Kiva.org, etc. And, of course, we discuss QuestBridge, as Reid and I are both on the advisory board. All show notes, links, and resources from this episode can be found at http://fourhourworkweek.com/podcast This podcast is brought to you by MeUndies. Have you ever wanted to be as powerful as a mullet-wearing ninja from the 1980’s, or as sleek as a black panther in the Amazon? Of course you have, and that’s where MeUndies comes in. I’ve spent the last 2-3 weeks wearing underwear from these guys 24/7, and they are the most comfortable and colorful underwear I’ve ever owned. Their materials are 2x softer than cotton, as evaluated using the Kawabata method. Check out MeUndies.com/Tim to see my current faves (some are awesomely ridiculous) and, while you’re at it, don’t miss lots of hot ladies wearing MeUndies. This podcast is also brought to you by 99Designs, the world’s largest marketplace of graphic designers. Did you know I used 99Designs to rapid prototype the cover for The 4-Hour Body? Here are some of the impressive results. Click this link and get a free $99 upgrade. Give it a test run... Enjoy!
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