<![CDATA[Valleywag: reid hoffman]]> http://cache.gawker.com/assets/base/img/thumbs140x140/valleywag.com.png <![CDATA[Valleywag: reid hoffman]]> http://valleywag.com/tag/reid hoffman http://valleywag.com/tag/reid hoffman <![CDATA[ LinkedIn chairman avoids layoff talk in BusinessWeek ]]> Reid Hoffman's heft regularly makes reporters turn to their thesauri for polite terms for "fat." BusinessWeek, to keep the tone of a new profile appropriately flattering, writes of his "expansive body." But the article is anything but expansive in its probing of LinkedIn's business. It focuses instead on how Hoffman is trying to figure out survival strategies for his portfolio of startups. Nowhere are LinkedIn's own layoffs mentioned. Instead, Hoffman implies that the employees he put out on the street should use the site to seek new careers: "Every individual is a small business." Not an expansive one.

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Valleywag-5078832 Thu, 06 Nov 2008 15:40:00 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5078832&view=rss&microfeed=true
<![CDATA[ LinkedIn founder cancels trip for layoffs ]]> LinkedIn, the richly funded business-networking website, is indeed laying employees off today. (No numbers available yet; if you know more details, please send them in.) But we know of at least one person who's skipping sticking around for the cuts: Reid Hoffman, the company's chairman and cofounder. He's in Japan, speaking at a conference. A convenient absence. Hoffman is described by his underlings as generous and kind, but we hear he didn't oppose the layoffs. We also notice he wasn't kind-hearted enough to cancel his trip and console his employees in person. Update: We're now told Hoffman did cancel his trip to Japan for the conference, at the last minute.

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Valleywag-5077399 Wed, 05 Nov 2008 11:20:00 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5077399&view=rss&microfeed=true
<![CDATA[ LinkedIn to start layoffs today? ]]> A tipster reports high drama at LinkedIn, the business-networking site. The company is funded in part by Sequoia Capital, the Valley's new high priests of doom and gloom — and, our source claims, Sequoia has told all of its portfolio companies to cut costs by 10 percent. LinkedIn's big-hearted chairman, Reid Hoffman (shown here), reportedly doesn't want to lay people off, but he and CEO Dan Nye are said to be engaged in a power struggle over this and other issues. Layoffs could come today — possibly an exercise in cleaning house rather than a reaction to the economy, though we hear LinkedIn has been missing financial milestones. Here's the tip:

Have you heard that Linkedin is going to be announcing layoffs [Wednesday]? Happy holidays I suppose. how much time do their employees have before they need to pack up their desks?
Linkedin runs scared during the down turn of the economy. If they've just raised all that money why are they doing layoffs? Or are they just cleaning house?

Linkedin last year canned their superman and then fired a director for comments made to a female employee....what else is going on behind those doors?

The CEO, is he really incharge or is Reid still incharge, you should ask the employees. They have a habit of hiring executives that have no experience in what they are suppose to be doing at linkedin. Let's take a look at the recent vp of hr Arvind, what hr experience does he have? Was he hired because he's a friend of reid? do they hire the right people to do the right jobs? Have you looked at their directors or vps?

I have close connections to the company. Sequoia is telling all their companies to get rid of 10% of their employee base. Reid doesn't want to, but can he stand up to Sequoia? Can the money LinkedIn raised disappear? Are they running scared with their tales between their legs? So what will they do, is this just the beginning? Why are they still hiring if they are doing layoffs? Who's on the top of the list? Any of their heavy execs? With offers just accepted by people to go to Linkedin should they be worried about the choice they've made? The new apps they released last week were weak. They had so many bugs in the new apps, and weren't even able to release all of them because of the bugs. Who's doing the QA work at Linkedin? Rumor is they lost their QA director recently too.

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Valleywag-5077306 Wed, 05 Nov 2008 10:00:00 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5077306&view=rss&microfeed=true
<![CDATA[ Insider alleges massive turnover at LinkedIn ]]> LinkedIn's jobs page gives off the impression that life at the business-networking website is one nonstop Rock Band jam session. But a clearly disgruntled, entertainingly foulmouthed tipster says that backbiting is the real office entertainment of choice. The company's operations department is "like a fucking morgue" after a "housecleaning," he says. Lloyd Taylor, the company's vice president of technical operations, a splashy hire from Google last year, seems to have generated more than his fair share of complaints. In company meetings, CEO Dan Nye and founder Reid Hoffman describe the ruckus as "culture changes." Embarrassingly for a company which says it helps employers vet job candidates and is trying to break into the recruiting business, these problems sound less like culture clashes and more like plain old bad hires. The tip:

What the fuck is going on over at LinkedIn again? They've lost 2 more directors in the past 30 days, for what looks like STUPID reasons. Simple crap like reprimanding employees for fucking things up. They lost their Director of Operations a few days ago, their Director of IT a couple of weeks back and Director of Business Operations. I've got it on good authority that there were some other housecleaning items done in the past few weeks as well within their Operations team. It's like a fucking morgue.

Word is that the employees are taking the upper hand with complaints against management, and that upper management is all too happy to get rid of people just before they hit their 1-year stock vesting. Don't get on the shit list of upper management or your time will come.

One guy in particular keeps coming up with people I talk with — Lloyd Taylor. he's the guy who came over from Google. And the door couldn't have hit him in the ass fast enough, and now that he's being told to go back and "play nicely" with the Google team, he's finding that he has no friends over there. They won't even deal with him any more. It sure looks like his frustration is being taken out on his management team.

I was present during a recent all-hands meeting where Dan and Reid made repeated references to "culture" and "culture changes", speaking as if they know they're changing in the wrong way. But this isn't the way to deal with it.

I hold so little hope for them any more. Just fucking sell to someone and get this over with already.

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Valleywag-5050130 Mon, 15 Sep 2008 15:00:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5050130&view=rss&microfeed=true
<![CDATA[ LinkedIn employees also allowed to sell some stock ]]> At a recent company meeting, management told LinkedIn employees they would soon be allowed to sell as much as 20 percent of their vested options at a $500 million valuation. Word leaked yesterday that Facebook plans to allow its employees to do the same. Both LinkedIn founder Reid Hoffman and Facebook founder Mark Zuckerberg want to take their companies public — and thereby get their employees paid — but it won't happen soon. LinkedIn expects to earn about $100 million in 2008, but VentureBeat reports that bankers want to see that number hit $200 million before bothering to file papers. The public markets aren't hungry enough for anything less. In July, only 56 companies went public, raising $5.6 billion in their IPOs. During the same month last year, 190 companies raised $31.7 billion on their initial foray into the public markets.

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Valleywag-5033231 Tue, 05 Aug 2008 09:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=5033231&view=rss&microfeed=true
<![CDATA[ LinkedIn cofounder Reid Hoffman needs Ted Dziuba's guide to weight loss ]]> In today's Los Angeles Times, reporter Jessica Guynn calls LinkedIn founder, Facebook investor and PayPal veteran Reid Hoffman "Silicon Valley's biggest social networker." Guynn means that just the way you'd think, reporting that Hoffman gains about 10 pounds per year, refuses to see a trainer and "doesn't step on scales." Some might deem Guynn's language rude, but since Hoffman's unhealthy-seeming weight is exactly the kind of thing everyone in the Valley won't admit they talk about, we're rather glad she called attention to it. Fortunately for Hoffman, Persai cofounder Ted Dziuba is ready with an intervention. Lately, Dziuba's been writing servicey items about coder life on TedDziuba.com instead of eviscerating TechCrunch-covered startups on Uncov. A recent post is perfect for the rotund Hoffman. But at 725 words, "An engineer's guide to weight loss," the busy Hoffman will never take the time to read it. Below, a slimmer, 100-word version Hoffman can squeeze into his schedule.

Dieting and exercising suck. You are not going to have fun. The science is simple: eat fewer calories than your burn. Start quantifying. I use FitDay to track calories. Run a 1,000 calorie per day deficit. Go easy on the drinking. Take up smoking — a zero-calorie alternative. Eat one serving. Drink more coffee, an appetite suppressant. Low-fat ice cream has around 120 calories per half cup. After two weeks, your stomach will shrink. Step two is exercise. It's awful. Use an elliptical machine. Treadmills make you run. One hour per day, hard. You should be close to vomiting. Easy, huh?

(Photo by mandj98)

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Valleywag-5022552 Tue, 08 Jul 2008 14:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=5022552&view=rss&microfeed=true
<![CDATA[ LinkedIn founder Reid Hoffman explains his IPO jitters ]]> "We think we could go public on our numbers," LInkedIn founder Reid Hoffman tells Tech Ticker's Sarah Lacy in a video interview (excerpted below). But the company, which just raised $53 million, won't IPO because it would rather reinvest its profits and because the U.S. public markets are too turbulent right now. Hoffman says LinkedIn will use the money in part to buy "good, small tech teams." In the clip, Hoffman says the race with Facebook toward an IPO isn't much of a race. It's more like, "No, you go first," he explains. Hoffman and his handpicked CEO, Dan Nye, shouldn't grow too cautious. Hoffman himself helped PayPal go public during the last downturn, so he knows a strong company can thrive in a poor market. But more importantly, for a professional's social network like LinkedIn, we can't imagine much better free marketing than the nonstop coverage CNBC would give consumer tech's first major IPO in years.

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Valleywag-5017918 Thu, 19 Jun 2008 08:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=5017918&view=rss&microfeed=true
<![CDATA[ L is for Levchin, who never goes slow ]]> Levchin and MinkovaMax Levchin, the cofounder of PayPal and the CEO of Slide, measures nearly everything, down to the optimum price to pay for an engagement ring. If he needs a metric for self-importance, Once You're Lucky, Twice You're Good, Sarah Lacy's new book about Web 2.0, provides one. He occupies 78 out of 294 pages, more than anyone else. Here are the index pages for "F" through "M":

web20indexf-i.jpg

web20indexi-m.jpg

Previously:


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Valleywag-389602 Mon, 12 May 2008 15:20:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=389602&view=rss&microfeed=true
<![CDATA[ Powerset's Wikipedia search can't answer our "natural language" search ]]> Let's ignore the fact that Powerset's core technology is only licensed from Xerox PARC. Even then, we're disappointed in today's public debut from publicity-ridden search engine Powerset. Cofounders Barney Pell and Steve Newcomb intended to create a "natural language" search engine that allowed users to phrase search queries in the way they speak. But after informing its search by trolling Wikipedia, Powerset couldn't even answer our one most important question: "Which Powerset executive slept with another's wife?" Powerset's answer: LinkedIn founder Reid Hoffman. No offense, Reid, but we're almost certain that's not correct.

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Valleywag-389519 Mon, 12 May 2008 10:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=389519&view=rss&microfeed=true
<![CDATA[ Self-important blogger fails to catch ride on Google party plane ]]> TechCrunch's Michael Arrington tried and failed to score a ride from Davos back to California on the Google plane. No surprise, since the plane — owned by Larry Page, Sergey Brin, and Eric Schmidt, not the company they run — only seats 25 people.

I've heard that Tim O'Reilly, Mitch Kapor, Reid Hoffman and Mark Zuckerberg will be on that flight. Basically, every Davos attendee from the Bay Area except me managed to hitch a ride back with Google.
Mike, they did you a favor: Could you ever claim to cover Google as an independent journalist if its founders put you on that flight? Have some dignity. Instead of whining about having to ride Swiss back, as you did, Jason Calacanis would have chartered his own jet. (Photo by Brian Solis) ]]>
Valleywag-349725 Mon, 28 Jan 2008 11:20:26 PST Jordan Golson http://valleywag.com/index.php?op=postcommentfeed&postId=349725&view=rss&microfeed=true
<![CDATA[ LinkedIn chairman hints at IPO in 2009 ]]> linkedin.jpgLinkedIn is off the block, cofounder Reid Hoffman told the Sydney Morning Herald. "We have had (buyout) conversations with all the usual suspects, but I think an IPO is by far and away the most likely outcome," Hoffman said. He suggested, however, that such a public offering might not happen for at least another year or two. One ex-LinkedIn exec said that's much too long a wait.

With LinkedIn projected to earn 2008 revenue between $75 million to $100 million, former LinkedIn exec Keith Rabois, now at Slide, told the paper Hoffman and company need to go public sooner rather than later.

"Right now, LinkedIn just doesn't seem to be at the center of the Internet universe and an IPO would be an amazing marketing opportunity," he said.

Others aren't so bullish. After CEO Dan Nye said the company would only sell for "a lot more" than $1 billion, Silicon Alley Insider guffawed, noting that career site TheLadders.com recently poached LinkedIn's former head of corporate sales, Brendon Cassidy, with ease. Would he have stayed if he believed in LinkedIn's revenue upside? That's the question the Herald should have asked Rabois.

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Valleywag-347644 Tue, 22 Jan 2008 11:30:39 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=347644&view=rss&microfeed=true
<![CDATA[ VCs sink big money into spammy Facebook games ]]> ZyngaLogo.jpgThe first gold-rush miners to make any money during the 1840s were the ones who stopped digging and started selling shovels, according to Timesman Brad Stone. Today a similar operation from Mark Pincus, Tribe.net founder and early Facebook investor, announced $10 million in funding from Union Square Ventures, Peter Thiel, Reid Hoffman, and Bob Pittman.

The venture is called the Zynga Game Network and it's the company behind social network apps such as "casual games" Poker, Attack, and Battleship. So far, Zynga makes all its money by promoting other applications, earning 50 cents each time a user installs one on their profile.

Pincus told the New York Times Zynga has already broken even and has not yet tapped into any of its venture capital. Users click on about 50,000 links to application install pages each day.

Let us know when Coca-Cola buys ad space. Until then, the Facebook application platform will remain a viable economic ecosystem like the Hapsburgs were a model of genetic diversity.

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Valleywag-344975 Tue, 15 Jan 2008 07:31:57 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=344975&view=rss&microfeed=true
<![CDATA[ The Lobby's leisurely entrepreneurs ]]> HoffmanSze.jpgWhile other startup founders have to stay home and, you know, work, these guys have the time and the spare $3,000 to spend hanging out at a zero-agenda conference in Hawaii. (For the record, we're jealous.) Spotted in Yahoo executive Bradley Horowitz's Flickr stream: Benchmark entrepreneur-in-waiting Nirav Tolia; "stepped-up" LinkedIn chairman Reid Hoffman; FeedBurner founder Dick Costolo, who's rolling in Googlebucks; Linden Lab CEO Philip Rosedale; Evan Williams from Twitter; Mashery's Oren Michels; and
Kevin Rose (and his new haircut) from Digg with Joshua Schachter from the Yahoo-owned Del.icio.us. One question: Is this really Meebo CEO Seth Sternberg? I don't recognize him looking so unnerdly. (Photo by: bradley23)

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Valleywag-315204 Thu, 25 Oct 2007 15:53:30 PDT Megan McCarthy http://valleywag.com/index.php?op=postcommentfeed&postId=315204&view=rss&microfeed=true
<![CDATA[ Facebook CEO hates face time ]]> Mark ZuckerbergAt 23, Mark Zuckerberg is already a conference-circuit regular — seen at last month's TechCrunch40 and again at this month's Web 2.0 Summit. But even fans ding Zuck's presence as dull, wooden and robotic. Is he shy? Nah, "He just doesn't care," says a coworker. Despite his current heavy rotation in the media, he only takes the stage when he's told it's a boost for the company. Don't believe it? Zuckerberg's not even scheduled to appear at the Facebook-themed Graphing Social Patterns conference on Sunday in San Jose. The kickoff keynote will be delivered by LinkedIn's more entertaining founder, Reid Hoffman. Aw come on, Mark. After the look-at-me antics and vain false modesty of the tech industry's quasi-celebrities, it'd be a soul-cleansing relief to come watch you stare at your shoes Adidas sandals.

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Valleywag-307602 Fri, 05 Oct 2007 09:20:32 PDT Paul Boutin http://valleywag.com/index.php?op=postcommentfeed&postId=307602&view=rss&microfeed=true
<![CDATA[ Shanghaied LinkedIn founder misses a photo shoot ]]> reid%20hoffman%20linkedin.jpgJoi ItoValleywag hears that LinkedIn, which has largely missed out on the social-networking buzz, is getting ready for its closeup. Employees were getting lensed today at a photo shoot, which is usually a sign that a company's about to get the cover treatment, or at least a major feature story, from a big business publication. Missing at the shoot, however, was LinkedIn founder and president of products Reid Hoffman, who recently stepped out of the LinkedIn CEO chair. Hoffman, a tipster says, is away in Shanghai, with friend Joi Ito, the Six Apart backer pictured here to his right, purportedly looking for new startups to invest in.

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Valleywag-292506 Wed, 22 Aug 2007 16:51:05 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=292506&view=rss&microfeed=true
<![CDATA[ Ross Mayfield out as Socialtext CEO ]]> Ross Mayfield, stepping downWhat to make of Ross Mayfield's open call for an executive to replace him as CEO of Socialtext, the wiki-software startup? When a founder leaves the CEO role, venture capitalist Fred Wilson has argued, we should say that he's "stepping up," not "stepping down," citing the example of LinkedIn chairman Reid Hoffman. But Mayfield wants to stay on as the company's president, a position of lower rank. It's perhaps a sign of humility that Mayfield would step down to being president. But he'll also stay on as chairman — which would make him simultaneously the new CEO's direct report and boss. It's odd that Mayfield would search openly for a CEO, rather than just announce a replacement once he's identified one. But perhaps Mayfield's murky new role is discouraging candidates. Until he decides whether he's stepping up or stepping down, Socialtext's top spot is one no would would want to step into.

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Valleywag-280539 Thu, 19 Jul 2007 19:00:22 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=280539&view=rss&microfeed=true
<![CDATA[ A guide to Palo Alto hotspots ]]> Coupa Cafe, Palo Alto's caffeine-and-Wi-Fi hotspotI found myself at home in Palo Alto the other day, involuntarily offline thanks to a wonky broadband connection. So I headed to Coupa Cafe to get caffeine and log onto its Wi-Fi hotspot. And, just maybe, overhear an entrepreneur and venture capitalist doing the Sand Hill Road mating dance. Greylock's David Sze likes to hold meetings there, as does LinkedIn founder and angel investor Reid Hoffman. But it's gotten so popular and so packed, that I wasn't able to find an empty outlet — let alone a seat. What to do?

Say you arrive early for a meeting at Coupa, and you need to find a spot to get some work done. Here's your guide to downtown Palo Alto's alternative hotspots, plus a map from Gridskipper. You may not find as many power players — but at least you'll find a power plug.

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Valleywag-279859 Thu, 19 Jul 2007 00:38:54 PDT Megan McCarthy http://valleywag.com/index.php?op=postcommentfeed&postId=279859&view=rss&microfeed=true
<![CDATA[ Facebook to the rescue! ]]> Fans of Time Inc. tech title Business 2.0 have taken the bold step of starting a Facebook group to show their support for the troubled publication. So far, the group has amassed over 50 members, including Business 2.0 editor Josh Quittner, Quittner's wife, New York Times columnist Michelle Slatalla, Gizmodo editor Brian Lam, TechCrunch's Michael Arrington, and LinkedIn CEO Reid Hoffman. Oh, and former Business 2.0 editor and my new boss Owen Thomas. Let's hope this roster of Valley luminaries is more effective than other futile Facebook groups, such as the 29,359 people who believe strongly in removing the "is" from the Facebook status message. ]]> Valleywag-279518 Tue, 17 Jul 2007 16:52:52 PDT Megan McCarthy http://valleywag.com/index.php?op=postcommentfeed&postId=279518&view=rss&microfeed=true <![CDATA[ Reid Hoffman steps down, up, sideways ]]> Reid Hoffman's replacement by a professional manager as chief exec of LinkedIn all looks smoothly handled. The business network's founder, like a man planning his own funeral, interviewed his own successors. He remains as chairman. From colleagues, the classic refrain: Reid is "brilliant", which usually means that he's not the world's most effective manager, but, nevertheless, flattering. It was a nice touch to reveal the changes, first, in an edit to Hoffman's LinkedIn profile page. Only one false note: nobody is called "president of products" — the new title Hoffman has assumed — unless there's a seriously bruised ego to salve. ]]> Valleywag-233907 Mon, 05 Feb 2007 06:00:28 PST Chris Mohney http://valleywag.com/index.php?op=postcommentfeed&postId=233907&view=rss&microfeed=true