Masters of Scale

The Reid Hoffman Story (Part 2): Make everyone a hero

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Feb 26, 2019
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INSIGHT

PayPal Mafia's Collective Genius

  • The PayPal team, like the Beatles, comprised geniuses who transformed their fields.
  • Their collective genius fueled individual growth, prompting questions about the source of their success.
ANECDOTE

Secret Plan Conflict

  • Late one night, Peter Thiel questioned Reid Hoffman's commitment to PayPal's "secret plan."
  • Hoffman challenged Thiel's focus, highlighting their agreement to use US dollars.
ADVICE

Make Everyone a Hero

  • To scale successfully, make everyone a hero in their story, not just yours.
  • Consider how your collaborators and customers can achieve their own goals through your venture.
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