Reid Hoffman is the Founder of LinkedIn, founding member of Paypal, early investor in Airbnb And Facebook.He is the co-host of the ‘Possible’ Podcast and best-selling author of books such as, ‘Masters of Scale’ and ‘Blitzscaling’.  In this conversation, Reid and Steven discuss topics such as, why passion isn’t enough for success, the truth about the PayPal Mafia’s success, why Reid stepped back from LinkedIn, and how to adapt to an AI world.  00:00 Intro 02:16 How Have You Managed to Be So Successful? 07:34 What Did You Want to Be When You Were Growing Up? 08:46 Why Was Being Born in Stanford Hospital So Relevant to Your Story? 15:27 Self-Awareness as an Entrepreneur 17:38 Should Everyone Try to Be an Entrepreneur? 25:45 How Do I Know If My Business Is Good or Not? 37:06 What Was LinkedIn Like When It First Started? 39:09 Why Were So Many Successful People from the PayPal Mafia? 42:23 The Importance of Sales 49:11 How Important Is Hiring in Business? 55:16 What Are the Different Types of Entrepreneurs? 57:43 Elon Musk’s Approach to Business 01:03:17 Work-Life Balance in Startups 01:08:24 Stepping Back as CEO for LinkedIn 01:12:18 How Does Life Change When You Become a Billionaire? 01:13:58 Political Stance as a Billionaire 01:18:11 Trump’s Redeeming Qualities 01:22:32 The Shift Towards Freedom of Speech 01:25:02 Freedom of Speech as X 01:33:03 What Do You Think Social Media Will Become in the Next Decade? 01:37:58 How Should the Average Person Be Approaching AI? 01:40:12 Is the Gloom Around AI Warranted? 01:50:23 What Should the Everyday Person Be Doing with AI? 01:58:40 How Do We Learn About AI? 02:00:22 Your Early Investment in OpenAI 02:01:45 How Important Is Networking? 02:02:30 Underappreciated Qualities for a Good Entrepreneur 02:05:58 The Qualities You Look for in an Entrepreneur 02:15:21 What Is Happiness to You? 02:19:08 Marriage and Entrepreneurship 02:20:55 Should All Entrepreneurs Be Moving Fast to Build a Company? 02:28:51 How Should You Be Viewing Risk? 02:31:56 How Do We Know When to Quit? 02:34:25 LinkedIn’s Deck 02:37:44 Are You Still Interested in Building Companies? 02:40:17 Are There Any Unchecked Boxes? 02:42:28 Last Guest’s Question Follow Reid:  Twitter - https://bit.ly/3OVphKO  YouTube - https://bit.ly/3OSw33O  Website - https://bit.ly/3ZP4GxT  Podcast - https://g2ul0.app.link/IqXyrFoeiPb  You can pre-order Reid’s book, ‘Superagency: What Could Possibly Go Right with Our AI Future’, here: https://g2ul0.app.link/6iAtlcEeiPb  Get your hands on the brand new Diary Of A CEO Conversation Cards here: https://appurl.io/iUUJeYn25v Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes  My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook  You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb  Follow me: https://g2ul0.app.link/gnGqL4IsKKb  Sponsors: Linkedin Ads - https://www.linkedin.com/doac24 Learn more about your ad choices. Visit megaphone.fm/adchoices