Hoffman discloses confidential portfolio info to select partners to maintain trust
Reid Hoffman · 20VC: Reid Hoffman on Investing in Airbnb and Passing on Stripe, The Different Styles of Truly Great Leaders, How To Think Through Ownership and Price in Venture & How To Ensure Venture Partnerships Always Have Trust and a Learning Mindset · Dec 7, 2020 · at 19:47
Reid Hoffman, partner at Greylock and co-founder of LinkedIn, discusses how VC partners maintain trust while respecting strict confidentiality around sensitive portfolio company information.
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“And so, for example, some of the things that I do within kind of the venture partnership is I will sometimes say, okay, because by the way, you always have to second guess yourself on these things. I go, all right, this is something that's super secret that this company is doing. Okay. I will pick one of my venture partners and I will go to them and say, okay, you and I collectively have the health Of the partnership together. So I'm going to tell you something we can't tell the rest of the partners about what's going on with the company, right? So that you make sure that I am doing the right thing by the partnership. Your role here is to make sure that I'm being, I'm doing the right thing by the partnership.”
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