Reid Garrett Hoffman (born August 5, 1967) is an American internet entrepreneur, venture capitalist 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. On the Forbes 2017 list of the world's billionaires, Hoffman was ranked #631 with a net worth of US$3.1 billion. In late 2002, Reid recruits a team of old colleagues from SocialNet and PayPal to work on a new idea. Six months later, LinkedIn launches. Growth is slow at first—as few as 20 signups on some days—but, by the fall, it shows enough promise to attract an investment from Sequoia Capital In late 2002, Reid recruits a team of old colleagues from SocialNet and PayPal to work on a new idea. Six months later, LinkedIn launches. Growth is slow at first—as few as 20 signups on some days—but, by the fall, it shows enough promise to attract an investment from Sequoia Capital LinkedIn (/ˌliŋkt.ˈɪn/) is a business- and employment-oriented social networking service that operates via websites and mobile apps. Founded on December 28, 2002,[6] and launched on May 5, 2003,[7] it is mainly used for professional networking, including employers posting jobs and job seekers posting their CVs. As of 2015, most of the company's revenue came from selling access to information about its members to recruiters and sales professionals.[8] As of September 2016, LinkedIn had more than 467 million accounts, out of which more than 106 million are active.
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