Hoffman: Business competition inherently requires strategic deception and information gaps
Reid Hoffman · 5 leadership lessons from gaming | Masters of Scale · Feb 9, 2024 · at 12:33
Reid Hoffman, co-founder of LinkedIn and former PayPal executive, discusses strategic lessons from poker and how business rivals compete.
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“There is no competitive game that doesn't involve some deception. The same thing is broadly true in business too, because like which product am I going to launch? Which partnership am I going to use to do that? What do I think is the right way to compete with my product and your product in the next generation of products? If you know what I'm doing and I tell you exactly what I'm doing, then you can compete against me. You can market against me. You can build the same product. You can potentially build a better product. And so all of that are forms of deception, information gaps, epistemological gaps in order for it to work.”
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