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Reid Hoffman Revel The Ultimate Success Formula - Alldamoney

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Reid Hoffman Revel The Ultimate Success Formula

Hoffman co-founded LinkedIn
While attending the prestigious Churchill Club annual award ceremony in Santa Clara on Thursday where he was being honored with the 2016 Global Benefactor award Reid Hoffman the co-founder of LinkedIn who previously  worked at Apple, Fujitsu, PayPal before it was sold to eBay and  an online dating startup SocialNet that failed gave an insight about his formula used to spark change, be happier, and create successful businesses that impact lives.


Hoffman said he waived his PhD to embark on writing software programs because of his desire to create something that would help shape and influence people’s life. When the vibe to create change struck him so much that he came up with a formula for it, which is:


The Number of people touched x depth of impact x time = social impact.


He said this simple formula could be used to choose startup ideas and also help to decide how time and money are spent as one grows.


The idea behind the formula is volunteering with your expertise in an area that you care about. For instance, he joined an organization that taught underprivileged teens to learn about the internet.
He said; “I started joining non-profit boards to make a significant difference”. Like for him, he joined an organization that taught underprivileged teens to learn about the internet.
Just like him everyone can use the formula to spark change, be happier, and create more successful businesses models that impact lives.


“Each year, I ask myself, now that I have this knowledge, these resources, what can I do?”
To have a bigger impact u need to volunteer because “you can contribute and amplify.”

To be a happier person and bring change to the world you need to give away your time.

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