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Peter Thiel and Reid Hoffman Discuss PayPal and Startup Success

In this video published by Forbes, two of the founding members of Paypal, Ried Hoffman and Peter Thiel sit and talk about startup success.

They discuss how important it is to select individuals who are not “too experienced”.  Thiel points out that experience is valuable.  However, experience can be a bad thing if the it leads to the person thinking that they know everything.

Thiel goes on to talk about the challenges in teaching entreprneurship.

“There’s maybe 20 or 30 percent where you follow certain rules and certain processes for doing things.  But 70 to 80 percent is about doing something thats never been done”.

 

Reid Hoffman Co-founded Linkedin in 2003.  He is now the Executive Chairman.    He is also the author of two books we really like called  “The Start-up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career” and “The Alliance: Managing Talent in the Networked Age”

Peter Thiel is currently a managing partner at Founders Fund and is the author of Zero to One: Notes on Startups, or How to Build the Future.

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Contributor: Lance McHenry is a writer, tea snob, entrepreneur, lover of #tech and #startups. His idea of triathlon is developing an idea, creating a prototype, and validating. He has been involved in the growth of several startups and now shares his ideas on business and tech. Follow him on Twitter @Lanceexpress

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Grow Your Business · Technology · Video
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Contributor: Lance McHenry is a writer, tea snob, entrepreneur, lover of #tech and #startups. His idea of triathlon is developing an idea, creating a prototype, and validating. He has been involved in the growth of several startups and now shares his ideas on business and tech. Follow him on Twitter @Lanceexpress

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