Do you want to meditate daily with me? Go to go.calm.com/onpurpose to get 40% off a Calm Premium Membership. Experience the Daily Jay. Only on CalmJay Shetty chats with Reid Hoffman about entrepreneurship. As a known personality in the business world, Reid tells us how business people become successful entrepreneurs, how to identify which ideas are worth cultivating, the art of saying “Not right now”, and the value behind experimentation. Reid is an internet entrepreneur, venture capitalist, podcaster, and author. Hoffman was the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking. He is currently a partner at the venture capital firm Greylock Partners. He's also the host of the Masters of Scale Podcast, where he shows how companies grow from zero to a gazillion, testing his theories with legendary leaders.Want to be a Jay Shetty Certified Life Coach? Get the Digital Guide and Workbook from Jay Shetty https://jayshettypurpose.com/fb-getting-started-as-a-life-coach-podcast/What to Listen For:00:00 Intro03:11 How did you become an entrepreneur?05:44 The mistake you shouldn’t avoid08:57 Defining growing and scaling a business13:28 The ideas that will actually work17:53 Frequently, you'll say, “Not right now.”20:27 Every YES involves a leap of faith 23:47 If it’s really important, experiment with it26:33 The path that got you here isn’t the path that will get you there30:51 Ask, “What won’t work about this idea?”38:28 The most critical part of hiring42:15 Culture should always seek excellence, but specific 46:54 Spend time observing the unguided and unforced interaction with the product or service50:54 Entrepreneurial journeys are team sport53:12 Reid on Fast Five  Episode ResourcesReid Hoffman | LinkedInReid Hoffman | TwitterReid Hoffman | WebsiteMasters of Scale Podcast