Masters of Scale Need to Know, w/Reid & Bob: Metaverse mania, the great resignation, Facebook quandaries, and more
Nov 22, 2021
Reid Hoffman and Bob Safian tackle pressing issues affecting entrepreneurs today. They discuss the ramifications of inflation on startups, the thrilling rise of the metaverse, and Facebook's recent challenges. The duo also dives into the aftermath of the Great Resignation, emphasizing the need for companies to adapt to evolving workplace dynamics. Additionally, they explore the impact of AI and cryptocurrency on business, while advocating for holistic approaches to employee well-being and organizational culture.
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Focus on Controllable Problems
- Focus on the limited, decisive problems within your control as a startup founder.
- Don't worry about macroeconomic factors like inflation, as they are often outside your control.
Supply Chain Disruptions
- Supply chain disruptions can be short-term (6-12 months) or long-term (3+ years).
- Treat them differently in your business strategy depending on their expected duration.
Build for the Long Term
- Build a persistent institution focused on long-term value (decades).
- Avoid chasing short-term opportunities that don't contribute to your long-term vision.
