129: Exiting PayPal ($1.5B) and LinkedIn ($26.2B) w/ Reid Hoffman
Rich Habits Podcast
Simplicity in Investment Strategies
This chapter highlights the value of straightforward investment approaches for high earners, focusing on tax optimization through real estate and the S&P 500. The hosts provide practical advice on investing for children and introduce the VOO ETF as a compelling option for long-term growth.
In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz sit down with Reid Hoffman.
Reid was part of the "PayPal Mafia" from back in the late-90s. He sold PayPal to eBay for $1.5 billion in 2002. A few months later, Reid co-founded LinkedIn. Microsoft acquired LinkedIn for $26B in 2016.
This interview was special. Reid is an incredible bright, kind, and thoughtful human being. We're so grateful to have been able to host him on the show!
---
📚 Reid's book, The Startup of You, can be found on Amazon. Click here to learn more about it!
---
🚀 Get a 1% bonus when you transfer your old portfolio to Public! IRA, 401(k), or any other portfolio. Transfer it to Public to get a 1% bonus, click here!
---
🤝 Follow Robert and Austin's portfolios on Blossom! As well as learn from other like-minded investors. Click here!
---
🏠 Download the Rich Habits Real Estate Hacks, click here!
---
💰 Download the 2025 Wealth-Building Workbook, click here!
---
🚀 Join 670+ other podcast listeners inside of the Rich Habits Network and invest alongside Robert and Austin, click here!
---
⚡️ Sign up for the Rich Habits Newsletter and never miss a market-moving headline again, click here!
---
⭐ Download our FREE Financial Planner – click here
⭐ Download our FREE Budgeting Template – click here
⭐ Earn 4.1% on your savings with a High-Yield Cash Account – click here
⭐ Trade stocks, options, music royalties and crypto on Public – click here
⭐ Automatically buy stock where you shop with Grifin – click here
⭐ Protect your family with term life insurance from Suriance – click here
⭐ Use code “Spotify” for 15% off our 4-module video course – click here
⭐ Optimize your portfolio with Seeking Alpha – click here
---
📬 Inquire about working together – christian@witz.vc
---
Disclosure: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 8/4/25, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.
---
The AI-powered Podcast Player
