{"id":5464,"date":"2022-10-12T17:01:46","date_gmt":"2022-10-12T15:01:46","guid":{"rendered":"https:\/\/techleap-design.nl\/techleap\/?p=5464"},"modified":"2024-01-09T17:09:20","modified_gmt":"2024-01-09T16:09:20","slug":"15-minutes-between-exultation-and-terror-the-fascinating-journey-of-reid-hoffman","status":"publish","type":"post","link":"https:\/\/techleap.nl\/blog\/15-minutes-between-exultation-and-terror-the-fascinating-journey-of-reid-hoffman\/","title":{"rendered":"\u201815 minutes between exultation and terror\u2019: The fascinating journey of Reid Hoffman"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1cxqm3c-86965b8ccca84b95453342ad0cc58e4b\">\n.avia-section.av-1cxqm3c-86965b8ccca84b95453342ad0cc58e4b{\nbackground-color:#ffffff;\nbackground-image:unset;\n}\n<\/style>\n<div id='header-blog'  class='avia-section av-1cxqm3c-86965b8ccca84b95453342ad0cc58e4b alternate_color avia-section-default avia-no-border-styling  avia-builder-el-0  el_before_av_section  avia-builder-el-first  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-5464'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column_table av-1b71gdk-f9a9577ca5d85273dc04f0327f0717a1 sc-av_one_half av-equal-height-column-flextable'><div  class='flex_column av-1b71gdk-f9a9577ca5d85273dc04f0327f0717a1 av_one_half  avia-builder-el-1  el_before_av_one_half  avia-builder-el-first  first flex_column_table_cell av-equal-height-column av-align-middle  '     ><p><div  class='av-post-metadata-container av-1942rlk-81c56acb514e083aeac99216f4c57366 av-metadata-container-align-left  avia-builder-el-2  el_before_av_heading  avia-builder-el-first  av-metadata-container-1'><div class='av-post-metadata-container-inner'><span class=\"av-post-metadata-content av-post-metadata-meta-content\"><span class=\"av-post-metadata-content av-post-metadata-published\"><span class=\"av-post-metadata-published-date\" >October 12, 2022<\/span><\/span><\/span><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-15zyue0-df241fa23240b40c533aa8f16ceff6b8\">\n#top .av-special-heading.av-15zyue0-df241fa23240b40c533aa8f16ceff6b8{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-15zyue0-df241fa23240b40c533aa8f16ceff6b8 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-15zyue0-df241fa23240b40c533aa8f16ceff6b8 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-15zyue0-df241fa23240b40c533aa8f16ceff6b8 av-special-heading-h1 blockquote modern-quote  avia-builder-el-3  el_after_av_post_metadata  avia-builder-el-last '><h1 class='av-special-heading-tag'  itemprop=\"headline\"  >\u201815 minutes between exultation and terror\u2019: The fascinating journey of Reid Hoffman<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><\/p><\/div><div class='av-flex-placeholder'><\/div><div  class='flex_column av-14i3454-9f7d9c84e039538f0ffcc16574c4d702 av_one_half  avia-builder-el-4  el_after_av_one_half  avia-builder-el-last  flex_column_table_cell av-equal-height-column av-align-middle  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-12lec2w-e2aaa2c16e21dd61d003fb7ee8a0bd5b\">\n.avia-image-container.av-12lec2w-e2aaa2c16e21dd61d003fb7ee8a0bd5b img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-12lec2w-e2aaa2c16e21dd61d003fb7ee8a0bd5b .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-12lec2w-e2aaa2c16e21dd61d003fb7ee8a0bd5b av-styling- avia-align-center  avia-builder-el-5  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-936 avia-img-lazy-loading-not-936 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665732117-reid-blog-1440-x-1020.jpg\" alt='Reid Hoffman, co-founder or Linkedin and partner a Greylock venture capital for The Scale Lab podcast by Techleap' title='Podcast The Scale Lab Reid Hoffman, co-founder or Linkedin and partner a Greylock venture capital for The Scale Lab podcast by Techleap'  height=\"1020\" width=\"1440\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665732117-reid-blog-1440-x-1020.jpg 1440w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665732117-reid-blog-1440-x-1020-300x213.jpg 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665732117-reid-blog-1440-x-1020-1030x730.jpg 1030w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665732117-reid-blog-1440-x-1020-768x544.jpg 768w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665732117-reid-blog-1440-x-1020-1020x723.jpg 1020w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665732117-reid-blog-1440-x-1020-260x185.jpg 260w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665732117-reid-blog-1440-x-1020-705x499.jpg 705w\" sizes=\"(max-width: 1440px) 100vw, 1440px\" \/><\/div><\/div><\/div><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-10pms08-bcdcaae543aed1fa35b6538b097d5d0b\">\n.avia-section.av-10pms08-bcdcaae543aed1fa35b6538b097d5d0b{\nbackground-color:#ffffff;\nbackground-image:unset;\n}\n<\/style>\n<div id='content-blog'  class='avia-section av-10pms08-bcdcaae543aed1fa35b6538b097d5d0b alternate_color avia-section-default avia-no-border-styling  avia-builder-el-6  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-5464'><div class='entry-content-wrapper clearfix'>\n<section  class='av_textblock_section av-z1j2hk-60807bf525a38c9660835a60315d6721 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>In the latest episode of The Scale Lab, we spoke with Reid Hoffman, co-founder of LinkedIn and globally renowned tech investor and expert. Throughout our conversation, we delved into some of Reid\u2019s various successful ventures, the concept of \u2018Blitzscaling\u2019 and sought his advice on navigating panic in high-pressure environments.<\/p>\n<\/div><\/section>\n<div  class='avia-builder-widget-area clearfix  avia-builder-el-8  el_after_av_textblock  el_before_av_hr '><div id=\"avia_auto_toc-2\" class=\"widget clearfix avia-widget-container avia_auto_toc avia_no_block_preview\"><div class=\"avia-preview-headline\">techleap Table of Contents<\/div><div class=\"avia-preview-info\">Title: <\/div><div class=\"avia-preview-in-front\">Table can only be rendered in frontend.<\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-vvehjc-1c106bd2a6e2383fc88b44fab21584d7\">\n#top .hr.hr-invisible.av-vvehjc-1c106bd2a6e2383fc88b44fab21584d7{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-vvehjc-1c106bd2a6e2383fc88b44fab21584d7 hr-invisible  avia-builder-el-9  el_after_av_sidebar  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-v6wppk-6fc824a06838dcbfe27dacb3967d19ad '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h3>01.30 &#8211; What is the best part about current market conditions for entrepreneurs?<\/h3>\n<p>\u201cA lot of the big enduring businesses tend to be started in market downcycles. There are a couple of different reasons. One is that you have less competition.<\/p>\n<p>\u201cAnother, by necessity, is being very disciplined and very focused. It\u2019s figuring out \u2018what is the thing you\u2019re actually trying to do?\u2019. That gives you a higher chance of success.<\/p>\n<p>\u201cRight now, in various ways, the growth capital markets are much more challenging. There are mid-stage companies that have more difficulty with financing. But the Series A financings are fairly close to open capital markets, so the notion of having an idea, being able to assemble a team &#8211; seeds and Series As are essentially as open as they were two or three years ago.\u201d<\/p>\n<h3>04:44 &#8211; What are the benefits for companies that have passed series A funding and are looking at international expansion?<\/h3>\n<p>challenge when you start a company is you don\u2019t have any default customers and you have to establish product market fit. These are challenges where if you succeed, you have this really great opportunity.<\/p>\n<p>\u201cWhen it comes to series B, you need to be much more disciplined on capital. But, it does give you a real chance to have competitive differentiation. If you\u2019re in a place where you have a really good product market fit, you can hit the accelerator faster than your competition.\u201d<\/p>\n<h3>07:40 &#8211; Can you take us back to the concept of Blitzscaling and apply it to the current context?<\/h3>\n<p>\u201cSilicon Valley rounds up to 3.5 million people, it\u2019s fewer people than are in Ireland, yet half of the Nasdaq market capitalisation comes from companies started here. Why is that? What are the lessons learned?<\/p>\n<p>\u201cOne thing Silicon Valley has learned, pretty intensely, is this notion that speed-to-scale is the way of establishing new tech platforms. The precise definition of Blitzscaling is prioritising speed over efficiency in an environment of uncertainty.<\/p>\n<p>\u201cFor example, is your new mobile app serving this market? Is yours the one that gets to 10 million DAUs first and enjoys the benefits that come with it? That\u2019s what Blitzscaling is, a set of techniques built around how to do that.\u201d<\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-tcu8pk-08ec2e202929628c2637aa74dfacb868\">\n#top .hr.hr-invisible.av-tcu8pk-08ec2e202929628c2637aa74dfacb868{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-tcu8pk-08ec2e202929628c2637aa74dfacb868 hr-invisible  avia-builder-el-11  el_after_av_textblock  el_before_av_image '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-s0j4oo-a584e2baa83495bd8fc6cac11cee0393\">\n.avia-image-container.av-s0j4oo-a584e2baa83495bd8fc6cac11cee0393 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-s0j4oo-a584e2baa83495bd8fc6cac11cee0393 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-s0j4oo-a584e2baa83495bd8fc6cac11cee0393 av-styling- av-hover-grow av-hide-overflow avia-align-center  avia-builder-el-12  el_after_av_hr  el_before_av_hr  av-hover-grow av-hide-overflow'   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-940 avia-img-lazy-loading-not-940 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665583143-screenshot-2022-10-12-at-15-56-46-1030x717.png\" alt='Reid Hoffman calling in from his home to the Scale Lab podcast with Constantijn van Oranje and Joe Wilson' title='Podcast The Scale Lab Reid Hoffman calling in from his home to the Scale Lab podcast with Constantijn van Oranje and Joe Wilson'  height=\"717\" width=\"1030\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665583143-screenshot-2022-10-12-at-15-56-46-1030x717.png 1030w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665583143-screenshot-2022-10-12-at-15-56-46-300x209.png 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665583143-screenshot-2022-10-12-at-15-56-46-768x534.png 768w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665583143-screenshot-2022-10-12-at-15-56-46-1536x1069.png 1536w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665583143-screenshot-2022-10-12-at-15-56-46-1020x710.png 1020w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665583143-screenshot-2022-10-12-at-15-56-46-1500x1044.png 1500w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665583143-screenshot-2022-10-12-at-15-56-46-705x491.png 705w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/1665583143-screenshot-2022-10-12-at-15-56-46.png 1986w\" sizes=\"(max-width: 1030px) 100vw, 1030px\" \/><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-pkawjs-5e26cca75d2e958ea5007cae3d0ca861\">\n#top .hr.hr-invisible.av-pkawjs-5e26cca75d2e958ea5007cae3d0ca861{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-pkawjs-5e26cca75d2e958ea5007cae3d0ca861 hr-invisible  avia-builder-el-13  el_after_av_image  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-nzud94-6b4078c24ced7f19006bf36a63afd55a '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h3>1:48 &#8211; What does panic mean for you?<\/h3>\n<p>\u201cWhen I started my first company, SocialNet, a friend of mine who had joined, who had left Apple, wrote me a one-line email saying \u2018welcome to where there are 15 minutes between exultation and terror\u2019.<\/p>\n<p>\u201cWhen we were starting PayPal we had multiple things that could kill us. We could die by Visa and Mastercard rules, by eBay and similar platforms, by chargebacks and fraud, by not getting our business model set up on time.<\/p>\n<p>\u201cPart of what you\u2019re really looking for, as an entrepreneur, is the resilience to keep\u2026not calm, but focussed and effective in how you navigate these challenges. The vast majority of startups don\u2019t succeed, a lot of entrepreneurs blind themselves. There\u2019s always serendipity in these things, you need to condition yourself with flexible planning and pivoting.\u201d<\/p>\n<h3>14:59 &#8211; How do you work your way through these panicked moments?<\/h3>\n<p>\u201cWhen you\u2019re in a leadership role, people take their cues from you. If you\u2019re going \u2018I think we\u2019re going to die\u2019 then everyone else follows. You have to work through that, the challenges, the fear and uncertainty.<\/p>\n<p>\u201cThe best thing is to have a good set of counsellors and advisors. People you\u2019re able to talk with bluntly, to recognise what your points of failure and risk are, people you can ask \u2018what do we think we can do about this? Is this a brick wall I can go through or do I need to go around it?\u201d<\/p>\n<h3>19:18 &#8211; Did the cheap money help us build great companies and take better risks? Or did we build bad companies over the last five or six years?<\/h3>\n<p>\u201cI think the answer is both. Having that money meant we had a much broader set of companies, including a much broader set of foolish companies, companies that probably in any capital-disciplined way wouldn\u2019t have gotten financed.\u201d<\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mq6mvc-dbd693b7b39f3be4f1570b0e37f71dcf\">\n#top .hr.hr-invisible.av-mq6mvc-dbd693b7b39f3be4f1570b0e37f71dcf{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-mq6mvc-dbd693b7b39f3be4f1570b0e37f71dcf hr-invisible  avia-builder-el-15  el_after_av_textblock  el_before_av_image '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l8njvc-c3aba81b8bddc2cc943e6f53857ee93a\">\n.avia-image-container.av-l8njvc-c3aba81b8bddc2cc943e6f53857ee93a img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-l8njvc-c3aba81b8bddc2cc943e6f53857ee93a .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-l8njvc-c3aba81b8bddc2cc943e6f53857ee93a av-styling- av-hover-grow av-hide-overflow avia-align-center  avia-builder-el-16  el_after_av_hr  el_before_av_hr  av-hover-grow av-hide-overflow'   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-5455 avia-img-lazy-loading-not-5455 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2022\/10\/1665583167-screenshot-2022-10-12-at-15-54-20.avif\" alt='' title='1665583167-screenshot-2022-10-12-at-15-54-20'  height=\"1068\" width=\"1600\"  itemprop=\"thumbnailUrl\"  \/><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jeiak8-f2c7f7cd4b9694b9d3380dfc947679a5\">\n#top .hr.hr-invisible.av-jeiak8-f2c7f7cd4b9694b9d3380dfc947679a5{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-jeiak8-f2c7f7cd4b9694b9d3380dfc947679a5 hr-invisible  avia-builder-el-17  el_after_av_image  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-hsyyns-85a4667d8a189d30d5529a6d6b407e93 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h3>21:07 -As an investor, what makes you different now?<\/h3>\n<p>\u201cIf you\u2019re not paying attention to changing market conditions and changing capital conditions, you\u2019re not navigating intelligently.<\/p>\n<p>\u201cAt Greylock, we always try to be fairly disciplined and professional, so the seeds and Series As, we\u2019re still investing in at the same rate. On the other hand, because of changing circumstances, the questions are: what do future financings look like? What will we need to do in order to prove it? What capital do we need to make the next financing? What&#8217;s the speed at which the competition is running?<\/p>\n<p>\u201cOne of the things about Blitzscaling, if you\u2019re competitor is Blitzscaling and you\u2019re not, they\u2019ll win or lose, but if they lose, you\u2019ll probably lose too.\u201d<\/p>\n<h3>25:10 &#8211; Where does the dry powder go? How do you decide where to look?<\/h3>\n<p>\u201cThe focus has to be \u2018what industry transformations are five to ten years out?\u2019.<\/p>\n<p>\u201cWe\u2019ve been doing a bunch of stuff in AI, and we\u2019ve also been doing a lot with Web3 as there are fundamental platform changes that will alter the way the internet works, those shifts in platform really matter, you\u2019re looking at this as a ten-year journey.\u201d<\/p>\n<h3>28:20 &#8211; Do you see any opportunities right now that can reach the size of PayPal?<\/h3>\n<p>\u201cOne of the phrases I use to describe what we are is the \u2018network age\u2019, and the world is getting more and more networked. That is continuing through communication, through transport and logistics, across markets, across commerce, all of these things, the network age means you get more largescale opportunities.<\/p>\n<p>\u201cI think there are many PayPal-size opportunities. That discerning question is figuring out which are the ones that the current market and tech trends will enable.<\/p>\n<p>\u201cAs an investor, I always look at networks. Part of what I\u2019ve been doing for the last five years is transport networks, and how networks can be redefined by autonomy. I\u2019m always interested in new network definitions, that\u2019s part of the reason I\u2019ve been looking at Web3.\u201d<\/p>\n<h3>35:50 &#8211; If you were going to do it again now with what you know, what would you do differently with LinkedIn?<\/h3>\n<p>\u201cWhen we started LinkedIn we got a bunch of our theories right, which was that individuals own their own network, whereas a lot of our competitors thought companies owned the network for individuals.<\/p>\n<p>\u201cOne of the mistakes we made, one thing our competitors pushed was a focus on groups &#8211; professional associations or conferences versus individuals. We hedged our convictions and built some group products.<\/p>\n<p>\u201cWhat we should have done was bet on one or bet on the other. We ended up with a decade-long anaemic groups product that we never really invested in, which distracted us from other things we could have done on our individual product. The principle that I would apply, is to focus on your bet, even when it makes you nervous, have the conviction and continue.<\/p>\n<h3>39:17 &#8211; What advice would you give to entrepreneurs in Europe?<\/h3>\n<p>\u201cOne of the things entrepreneurship requires is an ability to take risky gambles with hiring people, refactoring and being able to close your shop down if it\u2019s not working. I frequently give advice to European governments to try and enable this more.<\/p>\n<p>\u201cOften what a lot of tech entrepreneurs do is hire tech teams in places like Berlin where it\u2019s cheap enough to allow experimentation.<\/p>\n<p>\u201cThe things to look at when you\u2019re European is to say \u2018where do I have a really good competitive edge for a global fight?\u2019. I think there\u2019s a lot of really interesting opportunities. When you have these regulation challenges, ask are there any ways to turn those into advantages?\u201d<\/p>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fsoxtk-37470468152f14332fc2dcbdc623eed9\">\n#top .hr.hr-invisible.av-fsoxtk-37470468152f14332fc2dcbdc623eed9{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-fsoxtk-37470468152f14332fc2dcbdc623eed9 hr-invisible  avia-builder-el-19  el_after_av_textblock  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-eq6mew-377e9c2c3b5fedc068b824d86174d862\">\n.avia-section.av-eq6mew-377e9c2c3b5fedc068b824d86174d862{\nbackground-color:#e3e3e3;\nbackground-image:unset;\n}\n<\/style>\n<div id='quote-section'  class='avia-section av-eq6mew-377e9c2c3b5fedc068b824d86174d862 alternate_color avia-section-large avia-no-border-styling  avia-builder-el-20  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-5464'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column_table av-c3owzs-482de0d89ddb88482eb29b60e1a62c41 sc-av_one_half av-equal-height-column-flextable'><div  class='flex_column av-c3owzs-482de0d89ddb88482eb29b60e1a62c41 av_one_half  avia-builder-el-21  el_before_av_one_half  avia-builder-el-first  first no_margin flex_column_table_cell av-equal-height-column av-align-top  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bezn3s-bb7b9d1cf99382f6c23e4c03173483bb\">\n.avia-image-container.av-bezn3s-bb7b9d1cf99382f6c23e4c03173483bb img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-bezn3s-bb7b9d1cf99382f6c23e4c03173483bb .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-bezn3s-bb7b9d1cf99382f6c23e4c03173483bb av-styling-no-styling avia-align-center  avia-builder-el-22  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-938 avia-img-lazy-loading-not-938 avia_image ' src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/Reid-Hoffman-.webp\" alt='Reid Hoffman, co-founder of Linkedin' title='Podcast The Scale Lab Reid Hoffman, co-founder of Linkedin'  height=\"500\" width=\"500\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/Reid-Hoffman-.webp 512w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/Reid-Hoffman--300x300.webp 300w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/Reid-Hoffman--80x80.webp 80w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/Reid-Hoffman--36x36.webp 36w, https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/Reid-Hoffman--180x180.webp 180w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/div><\/div><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8rpuvs-06f2a1e43365ad10544e4febf0f2e120\">\n.flex_column.av-8rpuvs-06f2a1e43365ad10544e4febf0f2e120{\npadding:30px 40px 40px 90px;\n}\n<\/style>\n<div  class='flex_column av-8rpuvs-06f2a1e43365ad10544e4febf0f2e120 av_one_half  avia-builder-el-23  el_after_av_one_half  avia-builder-el-last  no_margin flex_column_table_cell av-equal-height-column av-align-top  '     ><section  class='av_textblock_section av-727zt4-9b4b2f28bfbb3dc825054417c6ca252e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h3>Listen to the episode<\/h3>\n<p>The podcast episode is available on major listening platforms: <a href=\"https:\/\/open.spotify.com\/episode\/2WvXlEOI2ceETDqOOiX7sV?si=8c0f4b78ae834ad3\" target=\"_blank\" rel=\"noopener\">Spotify<\/a>, <a href=\"https:\/\/podcasts.apple.com\/nl\/podcast\/episode-24-discussion-with-reid-hoffman-co-founder-at\/id1558100523?i=1000579194647\" target=\"_blank\" rel=\"noopener\">Apple Podcasts<\/a>, <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9hbmNob3IuZm0vcy8zZTQ5NmNlOC9wb2RjYXN0L3Jzcw\/episode\/ZjNkZDQ0OGEtOGMzYS00MWZlLWExYTEtNDYwOTg4NWQ3OWFi?sa=X&amp;ved=0CAUQkfYCahcKEwj4zMCM3vKAAxUAAAAAHQAAAAAQAQ\" target=\"_blank\" rel=\"noopener\">Google Podcasts<\/a>,\u00a0<a href=\"https:\/\/pca.st\/9qlqw3yq\" target=\"_blank\" rel=\"noopener\">Pocket Casts<\/a>.<\/p>\n<\/div><\/section><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5usmy0-907b2bd030ce3df816883807ae3a5b95\">\n.avia-section.av-5usmy0-907b2bd030ce3df816883807ae3a5b95{\nbackground-color:#ffffff;\nbackground-image:unset;\n}\n<\/style>\n<div id='related-posts'  class='avia-section av-5usmy0-907b2bd030ce3df816883807ae3a5b95 alternate_color avia-section-default avia-no-border-styling  avia-builder-el-25  el_after_av_section  avia-builder-el-last  avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-5464'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4sfgq0-d8e3ca2d1b04bd02384d8d66123a6cb6\">\n#top 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data-slideshow-options=\"{&quot;animation&quot;:&quot;fade&quot;,&quot;autoplay&quot;:true,&quot;loop_autoplay&quot;:&quot;endless&quot;,&quot;interval&quot;:&quot;7&quot;,&quot;loop_manual&quot;:&quot;manual-endless&quot;,&quot;autoplay_stopper&quot;:false,&quot;noNavigation&quot;:false,&quot;show_slide_delay&quot;:90}\" class='avia-content-slider avia-content-slider-active avia-content-slider1 avia-content-slider-odd  avia-builder-el-27  el_after_av_heading  avia-builder-el-last  av-slideshow-ui av-control-default   av-no-slider-navigation av-slideshow-autoplay av-loop-endless av-loop-manual-endless '  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/Blog\" ><div class=\"avia-content-slider-inner\"><div class=\"slide-entry-wrap\"><article class='slide-entry flex_column  post-entry post-entry-4846 slide-entry-overview slide-loop-1 slide-parity-odd  av_one_third first real-thumbnail posttype-post post-format-standard'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><a href=\"https:\/\/techleap.nl\/blog\/prinsjesdag-2023-key-takeaways-from-budget-day-for-the-dutch-startup-and-scaleup-community\/\" data-rel=\"slide-1\" class=\"slide-image\" title=\"Prinsjesdag 2023: Key takeaways from Budget Day for the Dutch startup and scaleup community\"><img decoding=\"async\" fetchpriority=\"high\" width=\"495\" height=\"400\" src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/12\/Prinsjesdag-2023-495x400.webp\" class=\"wp-image-4848 avia-img-lazy-loading-not-4848 attachment-portfolio size-portfolio wp-post-image\" alt=\"\" \/><\/a><div class=\"slide-content\"><header class=\"entry-content-header\"><h3 class='slide-entry-title entry-title '  itemprop=\"headline\" ><a href=\"https:\/\/techleap.nl\/blog\/prinsjesdag-2023-key-takeaways-from-budget-day-for-the-dutch-startup-and-scaleup-community\/\" title=\"Prinsjesdag 2023: Key takeaways from Budget Day for the Dutch startup and scaleup community\">Prinsjesdag 2023: Key takeaways from Budget Day for the Dutch startup and scaleup community<\/a><\/h3><span class=\"av-vertical-delimiter\"><\/span><\/header><div class=\"slide-meta\"><time class='slide-meta-time updated'  itemprop=\"datePublished\" datetime=\"2023-09-25T12:31:47+02:00\" >September 25, 2023<\/time><div class=\"slide-meta-del\">\/<\/div><div class=\"slide-meta-comments\"><a href=\"https:\/\/techleap.nl\/blog\/prinsjesdag-2023-key-takeaways-from-budget-day-for-the-dutch-startup-and-scaleup-community\/#respond\">0 Comments<\/a><\/div><\/div><div class='slide-entry-excerpt entry-content'  itemprop=\"text\" ><div class=\"read-more-link\"><a href=\"https:\/\/techleap.nl\/blog\/prinsjesdag-2023-key-takeaways-from-budget-day-for-the-dutch-startup-and-scaleup-community\/\" class=\"more-link\">Read more<span class=\"more-link-arrow\"><\/span><\/a><\/div><\/div><\/div><footer class=\"entry-footer\"><\/footer><span class='hidden'>\n\t\t\t\t<span 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class=\"slide-image\" title=\"From a submarine engineer to a successful CEO: How Sid Sijbrandij redefined the world of SaaS with GitLab\"><img decoding=\"async\" fetchpriority=\"high\" width=\"495\" height=\"400\" src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/GitLab-1-495x400.webp\" class=\"wp-image-4118 avia-img-lazy-loading-not-4118 attachment-portfolio size-portfolio wp-post-image\" alt=\"\" \/><\/a><div class=\"slide-content\"><header class=\"entry-content-header\"><h3 class='slide-entry-title entry-title '  itemprop=\"headline\" ><a href=\"https:\/\/techleap.nl\/blog\/from-a-submarine-engineer-to-a-successful-ceo-how-sid-sijbrandij-redefined\/\" title=\"From a submarine engineer to a successful CEO: How Sid Sijbrandij redefined the world of SaaS with GitLab\">From a submarine engineer to a successful CEO: How Sid Sijbrandij redefined the world of SaaS with GitLab<\/a><\/h3><span class=\"av-vertical-delimiter\"><\/span><\/header><div 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Pieter van der Does, CEO at Adyen\"><img decoding=\"async\" fetchpriority=\"high\" width=\"495\" height=\"400\" src=\"https:\/\/techleap.nl\/wp-content\/uploads\/sites\/2\/2023\/08\/Adyen-1-495x400.webp\" class=\"wp-image-4232 avia-img-lazy-loading-not-4232 attachment-portfolio size-portfolio wp-post-image\" alt=\"\" \/><\/a><div class=\"slide-content\"><header class=\"entry-content-header\"><h3 class='slide-entry-title entry-title '  itemprop=\"headline\" ><a href=\"https:\/\/techleap.nl\/blog\/12-things-you-should-know-about-adyens-success-story-podcast-with-pieter-van-der-does-ceo-at-adyen\/\" title=\"12 things you should know about Adyen\u2019s success story &#8211; podcast with Pieter van der Does, CEO at Adyen\">12 things you should know about Adyen\u2019s success story &#8211; podcast with Pieter van der Does, CEO at Adyen<\/a><\/h3><span class=\"av-vertical-delimiter\"><\/span><\/header><div class=\"slide-meta\"><time class='slide-meta-time updated'  itemprop=\"datePublished\" 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>2023-12-20 18:00:11<\/span><span class='av-structured-data'  itemprop=\"mainEntityOfPage\" itemtype=\"https:\/\/schema.org\/mainEntityOfPage\" ><span itemprop='name'>12 things you should know about Adyen\u2019s success story &#8211; podcast with Pieter van der Does, CEO at Adyen<\/span><\/span><\/span><\/article><\/div><\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[18,81,45],"acf":[],"_links":{"self":[{"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/posts\/5464"}],"collection":[{"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/comments?post=5464"}],"version-history":[{"count":4,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/posts\/5464\/revisions"}],"predecessor-version":[{"id":5467,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/posts\/5464\/revisions\/5467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/media\/936"}],"wp:attachment":[{"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/media?parent=5464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/categories?post=5464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techleap.nl\/wp-json\/wp\/v2\/tags?post=5464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}