Even if the money doesn’t prove to be necessary, a major financing round can also have positive signaling effects — it helps convince the rest of the… - Reid Hoffman

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Even if the money doesn’t prove to be necessary, a major financing round can also have positive signaling effects — it helps convince the rest of the world that your company is likely to emerge as the market leader, and can discourage investors from backing additional competitors

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Alternative Names: Reid Garrett Hoffman Reid G. Hoffman
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As with her previous tours, the process of defining the tour was a collaboration between Gultekin and her manager. “Dan always asks, ‘What do you want to do in five years?’ and we work backwards from there,” Gultekin told us. “I want to be a general manager, so we decided that I needed to add sales to my toolkit. I had never done sales in my life but he knew that my fresh perspective could be useful.” Notice how the mission had to serve the needs of both the employee and the business; Gultekin and LinkedIn have a strong alliance because they have the mutual trust to commit to a mutual investment (shifting to sales) that will provide mutual benefit (a more well-rounded skill set for Gultekin, and a fresh perspective for LinkedIn).

If you’re willing to accept the risks of blitzscaling when others aren’t, you’ll be able to move faster than they will. If the prize to be won is big enough, and the competition to win it is intense enough, blitzscaling becomes a rational, even optimal strategy.

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If you aren’t embarrassed by the first version of your product, you shipped too late.

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