On this day, August 5 in the year 1967, the co-founder of social networking site LinkedIn was born in Palo Alto, California, United States. His name is Reid Hoffman, also a partner in the capital venture firm Greylock Partners. According to forbes.com, his net worth is US$2 billion as of August, 2020.
Reid Hoffman was the only child of lawyer parents who were engaged in real estate. He was also a great-great-grandson of a university president. As a teenager, he worked as an editor of a publisher of tabletop role playing game. He finished his bachelor’s degree in cognitive science from Stanford University and a master’s degree in philosophy from Oxford as a Marshall scholar.
In 1994, Reid went to work at Apple Computers where he joined a team creating a social network called eworld. Later, he transferred to Fujitsu. In 1997, he founded his own social networking company SocialNet.com. At about that time, he also joined the board of directors and later, became the chief of operations at Paypal.com, an e-payment company.
After Paypal.com was sold to eBay in 2002, Reid co-founded LinkedIn, a social network for professionals. The company was launched in May, 2003. In 2011, it went public. Before it was acquired by Microsoft in 2016 for $26.4 billion, the website had more than 450 million users.
In 2009, Reid Hoffman became a partner at Greylock Partners. He was one of the earliest investors at Facebook and many other famous startups such as Airbnb, Coupons.com, Convoy, and Zynga. He has published his bestseller book The Start-Up of You: Adapt to the Future, Invest in Yourself, and Transform your Career. He is also a lecturer in many universities including Oxford, Stanford and Harvard. Currently, he is a member of Microsoft’s board of directors.
Reid Hoffman is married to Michelle Yee.