Entrepreneur

Reid Hoffman: To Successfully Grow A Business, You Must 'Expect Chaos'

He's the billionaire co-founder of LinkedIn, Greylock Partner, a mentor to many, and, starting in May, the host of a new podcast called 'Masters of Scale.' Here, Hoffman gives us an inside look at how he teaches entrepreneurs to grow successful businesses.
Source: David Yellen

Editor’s Note: In the new podcast Masters of Scale, LinkedIn co-founder and Greylock Partner Reid Hoffman explores his philosophy on how to scale a business — and starting May 3, at Entrepreneur.com, entrepreneurs are responding with their own ideas and experiences. This story is an in-depth look at Hoffman and his philosophy.

Dan Lewis has been wrestling with one of the most common, and critical, bottlenecks that bedevil every tech startup seeking to scale fast: How can his company staff up quickly enough to cope with expected growth without blowing through cash unsustainably? Lewis is the CEO and co-founder of Convoy, an on-demand trucking startup headquartered in Seattle, so the first idea he had felt obvious. He should open up a second office in a city that’s way cheaper than Seattle.

But he just wasn’t sure. Which is why, on a Friday evening in early March, he’d trekked down to Silicon Valley to meet a man known to have answers to quandaries like this: Reid Hoffman.

The two men sit down at the Sand Hill Road offices of Greylock Partners. Greylock, where Hoffman is a partner, led a round of financing for Convoy in early 2016. Hoffman now sits on the company’s board. “So what shall we talk about today?” he asks. “Customers, or recruiting?” 

“Recruiting,” Lewis answers.

Lewis dives into the details of his problem, and Hoffman settles into a posture that looks well-used. He steeples his hands in front of his chin, fingertips almost touching his lips, elbows splayed sharply to the left and right. His eyes might be half-closed, but his body language is benevolent; he could not possibly be more attentive.

And when Lewis is done, Hoffman has plenty to say. If Convoy pursue a second office, they’d better make sure direct flights are available from the new city back to Seattle. Requiring execs

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