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Reid Garrett Hoffman (born August 5, 1967) is an American internet entrepreneur, venture capitalist, podcaster, and author. Hoffman is the co-founder and former executive chairman of LinkedIn , a business-oriented social network used primarily for professional networking.
The company was founded by entrepreneurs Reid Hoffman, Mustafa Suleyman and Karén Simonyan in 2022. [2] [3] [4] The company has collaborated with Nvidia to develop hardware for generative artificial intelligence. [7] In June 2023, the company raised US$1.3 billion at $4 billion valuation. [7]
The company was founded in December 2002 by Reid Hoffman and the founding team members from PayPal and Socialnet.com (Allen Blue, Eric Ly, Jean-Luc Vaillant, Lee Hower, Konstantin Guericke, Stephen Beitzel, David Eves, Ian McNish, Yan Pujante, Chris Saccheri). [18] In late 2003, Sequoia Capital led the Series A investment in the company. [19]
Reid Hoffman, former executive vice president who later founded LinkedIn and was an early investor in Facebook and Aviary. Currently sits on the board of Microsoft. Ken Howery, former PayPal CFO who became a partner at Founders Fund, and later served as the US Ambassador to Sweden during the Trump Administration.
In 2002, Ly co-founded LinkedIn with Reid Hoffman, a Stanford schoolmate, and several other co-founders, including Jean-Luc Vaillant, Allen Blue, and Konstantin Guericke. When Microsoft acquired LinkedIn in 2016 for $26.2B, it was the world's "largest social networking site focused on the working world" with more than 400 million registered users.
[1] [2] The patent was sold along with SixDegrees to YouthStream Media Networks in 2000 and later to Reid Hoffman of LinkedIn and Mark Pincus of Zynga and Tribe.net for $700,000 at an auction in 2003. [4] [5] [6] When explaining his reasoning for purchasing the Six Degrees patent, Hoffman stated, "Right now you're hearing a lot of spurious ...
Aria Finger is the Chief of Staff to Reid Hoffman. [1] She also co-hosts, along with Hoffman, the podcast Possible . Finger also serves as an adjunct professor of nonprofit business management at New York University .
LinkedIn is founded by Reid Hoffman and 4 other friends. [1] 2003: May 5: Company: LinkedIn cofounders send invitations, launching LinkedIn. [1] 2004: May: Competition: Viadeo – a social networking site for business owners, entrepreneurs and managers – is launched in France. [3] 2004: August: Growth: LinkedIn reaches 1 million users. [1 ...