Reid Hoffman cofounded professional networking site LinkedIn in 2003 which was sold to Microsoft for $26.2 billion in cash. He then joined Microsoft's board.
Before that, Hoffman was part of the so-called "PayPal Mafia," and was one of the first employees at the payment company that was later sold to eBay.
In an interview with Bloomberg, Hoffman gives this advice to start-up entrepreneurs;
"As opposed to waiting for a perfect product, you actually want to be launching the minimum viable product, the thinnest possible product, and then you iterate and develop.”
"One of the metaphors that I use for startups is you throw yourself off a cliff and assemble an airplane on the way down. And part of that is the urgency of what you are doing, and it’s the focus on the work.”
"If you aren't embarrassed by the first version of your product, you shipped too late.”