HOFFMAN: Notice how she keeps turning problems — in this case, piles of useless clothing — into solutions: sources of funding. That’s why I call the best entrepreneurs “infinite learners”. The more thorny patches they hit, the more effective they become at hacking their way out. The only problem is that some CEOs — like Nancy — get a bit addicted to problem-solving. If there’s no problem to solve, well, they create some.
LUBLIN: I’m a wartime CEO. Once things get good and it’s peacetime I get bored, and I either want to like do something else wild to it or I’ll fuck it up because I’m like, “No but we can do blah blah blah!” And and so I get bored and I move on.
HOFFMAN: This is one of the byproducts of grit. It’s a sort of restless energy that eventually compelled Nancy to leave Dress for Success, once it had scaled.
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HINEKEN’s favorite podcast series Masters of Scale by Reid Hoffman and friends sumarized the 10 strongest commendments to achieve startup success. We’d argue that 99% of this podcast treasure is valid for all companies including the largest multinationals.
- minute 16.00 Hire for persistence and curiosity. Mark Zuckerberg of Facebook – hire the best people you can. “You should never hire someone if you would not want to work for them”
- minute 23:30 Brian Chesky CEO of AirBnB shares how they designed mindblowing customer experiences by imagining an 11 star customer experience.
- minute 67.09 “create a winning company culture where every employee owns it” Reed Hastings of Netflix shares how he learned how to turn culture into a competitive advantage. Resulting in the Netflix “culture deck”.
- minute 80.40 is Joost d’Hooghe‘s favorite; “pay it forward” – succesful organisations and individuals depend on the power of their diverse ecosystems, invest in your network and create width and depth
@ReidHoffmann “I’ve often said that starting a company is like jumping off a cliff and assembling a plane on the way down.”
“Don’t stop thinking about tomorrow”. Listen in on this MastersofScale podcast with Reid Hoffman on how at the scale-up of Facebook the team worked on both improvements for better user experience in the short term, as well as thinking about the future when billions of people are using the product. They had the #FINISH in mind from the start.