“The people that think that’s toxic don’t understand the start-up game, and they’re just wrong,” he said. “The game is intense. And by the way, if you don’t do that, eventually, you’re out of a job.
For those who disagree, working at a startup is a choice, Hoffman insisted.
But the reward on the other side is second to none; the 100 or so first employees at LinkedIn don’t need to work anymore, he added. Microsoft purchased the professional networking platform for $26.2 billion in 2016.
That’s good for the 100 or so first employees at LinkedIn, but I’m certain that the VAST majority of employees who bust their ass trying to help get a start-up off the ground don’t have anywhere near that end result. I’m sure it isn’t worth it for 99% of employees of start-ups.
But if you want to take on the challenge, hoping that maybe you’ll be one of the lucky ones, go for it, but don’t fucking drag a spouse/significant other, or children into that nightmare. If you want to commit your entire life to a start-up, then fucking commit.
This is what happens when you survey jackpot winners about the value of lottery tickets.
That’s called Survivorship Bias, and it’s a fallacy! I would expect nothing less than irrationality from a billionaire that got lucky and thinks his hard work in particular was what got him where he is.
It’s a fucking lotto. Lucky people always think they’re smarter or more hardworking than others.
He’s right. I’m committed to getting paid and doing what I want.
Right? “Winning” what exactly? Reid Hoffman’s trying to be the best at being the most miserable and unfulfilled. The most regrets on his death bed.
I worked at a couple of startups and every single one was a success with good exit strategies, and we had good work-life balance. His view is factually false.
Not everyone hates their family, Reid.
I want to live in a place where life isn’t a game with winner or losers, but a fun experience to share with those you love.
You have been banned from /r/capitalism
Sounds like he is just jealous of those who CAN manage their work and life and still suceed.
Hey Reid! You should pull yourself up by your bootstraps and be more like Tom over there!
Well I say seeking to remove my work-life balance means he’s not committing to not wanting to taste lead at high velocity using the base of his skull as a mouth.
Fuck this guy. I say we guillotine him as an example to the others.
I mean that’s fine for the guy or gal trying to start up their own business, which is what his talk was about, in the class he was addressing.
This should not apply to the workers though which is what way to many of business owners seem to forget once they start touring s profit and hiring people.
What they forget is that other people aren’t going to be as comitted to their business as they themselves are. They’re not going to care as much for the simple fact, that if the business takes off, they’re not going to earn any of the profits. Why would I work 50 hour weeks like the founder, if I don’t stand to actually reap the benefits?
not to mention a lot of US companies have “bonuses” to encourage you, but haven’t the foresight to think that an unmet bonus - usually out of the person’s hands, at least in my experience - is just a pay cut, and pay cuts are the worst thing you can do for morale and productivity.
I live for me, not for a business.
When I’m old and dying I’ll never say “I wish I worked more”
I think loving for a business is illegal in many places. ;)
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Personally I’d rather have both
To be fair, he’s talking to the founders of startups, not employees. But still, he sounds like an ass.
Exactly the sort of vapid self destructive Corpo-Cap shittery you’d expect out of the LinkedIn cofounder. He’s probably like that all the time.
Does “winning” mean you ignore family, friends, and self-care to further enrich giant corporations…? Cuz if so, I suggest this dude jump up his own asshole.
The quotes are specifically about early stage startup founders, not employees of huge established startups corporations.
He (and the exploitive class he is part of) want you to neglect your personal life and be productive so they can do the opposite.
I am not committed to winning
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