Reid Hoffman Talks Elon Musk And More

WHEN: Today, Tuesday, October 9, 2018WHERE: CNBC’s “Squawk Box” The following are excerpts from a CNBC INTERVIEW with LinkedIn Co-Founder and Chairman, and Greylock Partners Investor, Reid Hoffman on CNBC’s “Squawk Box” (M-F 6AM – 9AM) today, Tuesday, October 9th. The following are links to video of the interview on CNBC.com:

Reid Hoffman

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q3 hedge fund letters, conference, scoops etc

Reid Hoffman on 'Blitzscaling' for start-ups

Billionaire LinkedIn co-founder Reid Hoffman talks Tesla CEO Elon Musk

All references must be sourced to CNBC.

Reid Hoffman on Risks of Bad Regulation:

Well, there’s a lot of different dangers to bad regulation. There is the -- you can sacrifice the future of the tech industry. It can be something that no longer an American specialty and is more handed to the rest of the world. You could restrict start-ups versus existing companies. There’s all these regulation – all these risks that are really serious.

Reid Hoffman on Elon Musk:

I think what he’s focused on is saying, “Hey, look, I’m trying to build something the three, five, ten years in the future, and I don’t want to be -- kind of like, ‘Oh, well what does this month look like? Or this quarter look like?’” And so he’s interpreting it that way. And, look, part of his grit, and part of his determination to get to that long future is to push back against these obstacles. I just think it needs to be a different pattern than those tweets.”

Reid Hoffman on Political Leanings:

So I think that there are political leanings in any industry, any region, etcetera. So it’s not like everything is a perfect microcosm. And I think that the Valley has this, like, “We want to build and construct the future.” And that does tend you to a certain kind of political leaning. Now that being said, look – just because I have a political leaning doesn’t mean that I am unreasonable, doesn’t mean that I reject counter points of view. That’s one of the reasons why I really value my relationship with Peter. We argue and we learn from each other all the time. And so I think that the fact that the – the Valley has this kind of future oriented slant. Like for example, very pro “Let’s do something about climate.” And people will say, “That’s political.” And it’s like “No, I think that’s just scientific.”

Reid Hoffman on Transparency With Consumers:

And the thing is when you find something, you should report it. You might kind of take a few days to make sure you got the facts straight and other kinds of things. But you should make sure your consumers know that they can rely upon you to tell them the truth.

Reid Hoffman on Entrepreneurship:

Entrepreneurship is spreading not just within the Valley, but within the rest of the world. And the notion is it isn’t just entrepreneurship when you’re small, but you’re also growing these large companies. I think that’s our biggest and most focused hope on jobs in the future, because I think they’ll be created through entrepreneurial entities. So a lot of capital devoted to creating new businesses, is, I think, a good thing.



About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver