Reid Hoffman, the visionary behind LinkedIn, says he even expects employees at startups to constantly be working—with the exception of taking time out for dinner
Says the man who has a maid, a butler, a staff waiting with a coffee and strudel for him at work. Every conference call is set up and waiting on him to start. Everyone is lined up to lick his boots at all time, to ensure the person who's time is "the most valuable" never has to spend an extra second listening to anyone or anything they don't want to. Give me a break.
These narcissist CEOs cannot grasp the idea that "life" is employees working for themselves and pursuing their own interests instead of working for others.
What kind of commitment does Reid Hoffman have towards seeing his employees win?
What kind of profit sharing do LinkedIn employees enjoy? What's the salary / compensation disperancy look like between the average employee and the C-Suite executives? What's the medical insurance and parental leave packages look like? What about education reimbursement?
Seriously, who is "winning" in Reid Hoffman's ideal scenario?
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.
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.
I think it’s fair enough to put in some really intense years with the promise of a nice payoff and ability to retire early, as opposed to spreading that effort and payout over decades with work / life balance. The problem is when that same intense effort is asked of anyone who will not be getting such a payout at the end. Even workers with equity in a start-up can get the shaft due to the fine print where the VCs take the lions share of the exit money and the workers end up with a paltry sum to that won’t even cover their medical bills later on after the stress takes its toll on their bodies.
This context does not change anything. Not prioritizing health shows a critical misunderstanding of what wealth is, and how to reap its benefits. You are not likely to be a good business person if you do not understand fundamentals.
That being said, if you're willing to cheat/lie/steal you can ignore a lot of the fundamentals - which is the route most of these "cofounders" took
In the context of start-ups. Where workers presumably are also rewarded with stock options or similar. Takes a certain mentality and a definition of "winning" that I don't share, which is why I don't and wouldn't work at a start-up. And besides, the message is chiefly directed at founders. I don't find it -that- controversial.
Until I have the same unlimited upside as a founder does, I’m committed to work life balance. If you’re a wage employee, there is not point in giving your life to your job.
Ah yes, slave away for decades to make the company's executives/owners richer, sacrificing watching your kids grow up, sacrificing your relationship with your spouse, family, and friends.
Giving up time for hobbies and community service so that I can get a raise that barely keeps up with inflation, a pizza party twice a year, shitty coffee that the employees have to make, in a pot that the employees have to clean, and eventually a parking space that is 100 feet closer to the entrance so I can get into the office even quicker...
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.
I agree, it's not winning unless you're crying, exhausted and with barely any more money than any other average folk unable to use it properly hoping for early retirement just before the economic crash leads you to being fired and having nepotism replace you instead!
“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.
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 like listening to successful YouTubers say all you gotta do is commit to the grind and you'll achieve your dreams. Even focusing solely on the numbers, it's literally dishonest.
Thats exactly the kind of thing I would expect the founder of LinkedIn to say. Bet there's a bunch of absolute lunatics ready to repost that to their own linked in page.
Why the f— would an employee be invested in the corporation "winning"? Unless he sees LinkedIn as a co-op and actively works on distributing profits equally to all member workers, that there is just management drivel.
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.
Man, Reid looking rough nowadays. If that’s what winning is, I don’t want it.
Also FYI, I’ll leave my original response up, but the title of this particular post is clickbait. Reid specifies a very particular instance where he thinks this applies.
I am reminded of an episode of Friends. I forget what else was happening in the episode, but the guys and the girls are separated. The three girls are in Monica's apartment with a leg waxing kit they have apparently bought ALL THE WAY into the marketing for, because they keep saying shit like "we gotta do this if we wanna be goddesses."
Being excessively steeped in messaging is a great way to give yourself idea cancer.
"Winning." What are you "winning" if you work yourself into fatigue and start making errors and mistakes?
The quote is right though I suspect he means something very incorrect by it. If your work is hostile to your life, you're losing; ditch that job immediately.