Reid Hoffman on the biggest lie employers tell employees

Allen Lee
7 Ventures
Published in
3 min readMay 23, 2015

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Peaks:

  1. Bringing down those personal ego walls and learning from other people is a really important thing to do.
  2. They look at big problems as challenges, not as obstacles.

Peaks:

  1. The biggest lie is that the employment relationship is like family
  2. Employers put too much weight on interviews, and too little weight on references.

Peaks:

  1. Mobile devices are approaching a majority of traffic, and in the second chart , that a large proportion of all web traffic (a majority in the USA in this instance) and the vast majority of mobile traffic is coming from apps rather than the web.
  2. It seems that attention is being won by accessibility over ‘richness’. it would be interesting to measure the ‘push’ VS ‘pull’ interaction as a catalyst to usage.

Peaks:

  1. Not tracking enough stuff can end up being like a forest fire. It starts out with small tradeoffs but will grow to impact your entire business.
  2. It’s shocking how many companies don’t capture all operational data — which means they essentially have no idea what their company is doing at any given time.

Peaks:

  1. Atlas does not seem to have achieved cockroach intelligence…

Peaks:

  1. It’s a bubble in the making, but it will not be as devastating as the Dot Com Bust was.The real issue is whether or not VC firms are pumping up valuations for too many unprofitable companies. Look, the reality is that if VCs are chasing companies because they have a lot of customers — but no profits to match — then that is a problem.
  2. The SV guys (yes mostly guys) can use whatever twisted semantics they want to avoid calling this what it is, but by any logical definition this is a bubble. A quick search indicates that total US taxi and limousine revenue (not profit, revenue) in 2014 was $11 bn. Compare this to Uber’s $50bn valuation. See anything wrong there?

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