Reid Hoffman: "Every individual is now an entrepreneur, whether they recognize it or not"

Reid Hoffman is the founder of LinkedIn and an investor in a ton of other companies including Facebook and Digg. He was on Charlie Rose last night and had some really interesting points about entrepreneurship, such as the one in the title. He also mentions how the stimulus package should address more entrepreneurial aspects, something I've been caught proselytizing about recently.

For the full transcript, head over to TechCruch.


Regarding every individual being an entrepreneur, this is what he had to say:

" I actually think every individual is now an entrepreneur, whether they recognize it or not. . . . Average job length is two to four years. That makes you a small business. . . . You are the entrepreneur of your own small business. How do you get to your next gig? How do you do your career progression? All these things now fall on the individual shoulders. And so, they’re essentially an entrepreneur. . . . They’re entrepreneurs in terms of the business of themselves and how they drive that. So it’s how they get, like, their next job opportunity, how they get a promotion. All of that stuff comes from how they manage the network around them. Which is, by the way, what gave me the idea for LinkedIn.

But I think that one of the key things — the reason why I think risk tolerance is important is because what happens is people delude themselves they’re not taking risks. They say, oh, I’m going to get a job at, you know, Hewlett-Packard or I’m going to get a job — and that’s not risky. Well, look at current economic climates. Everything in life has some risk, and what you have to actually learn to do is how to navigate it. And people who take risk intelligently can usually actually make a lot more progress than people who don’t. "