Microsoft proposed to acquire LinkedIn on June 13, 2016, for $26.2 billion in cash (equivalent to $29,330,000,000 in 2021).
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Hoffman believes that many people still do not know how to use its service and it is LinkedIn's job to help them out. Peter Thiel, a colleague of Hoffman's at PayPal, invested in LinkedIn.At the time of LinkedIn's IPO on May 19, 2011, Hoffman owned a stake worth an estimated $2.34 billion (equivalent to $2,822,000,000 in 2021), not including any potential benefits from Greylock Partners, where he was named a partner in 2009. It launched on May 5, 2003, as one of the first business-oriented online social networks. Hoffman co-founded LinkedIn in December 2002 with two former colleagues from SocialNet (including Allen Blue), from his time at Fujitsu. In January 2000, he left SocialNet and joined PayPal full-time as the company's COO. While at SocialNet, Hoffman was a member of the board of directors during the founding of PayPal, an electronic money transmission service. It focused "on online dating and matching up people with similar interests, like golfers who were looking for partners in their neighborhood." PayPal He later worked at Fujitsu before co-founding his first company,, in 1997. Hoffman joined Apple Computer in 1994, where he worked on eWorld, an early attempt at building an online service. Hoffman's uncle Eric Hoffman is a writer.
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His paternal great-great-great-grandfather was Theophilus Adam Wylie, a Christian Presbyterian minister and Indiana University president pro tempore. He was awarded a Marshall Scholarship for graduate study abroad, on which he earned a Master of Studies in Philosophy from Wolfson College, Oxford in 1993. He graduated from Stanford University in 1990 with a Bachelor of Science in Symbolic Systems and Cognitive Science. Hoffman attended high school at the progressive The Putney School in Vermont, where he engaged in farming activities. and worked as an editor at the game company Chaosium, then based in Oakland, California near his home. Hoffman was an avid tabletop roleplaying gamer as a child. He is currently a partner at the venture capital firm Greylock Partners and a co-founder of Inflection AI. Hoffman was the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking. Reid Garrett Hoffman (born August 5, 1967) is an American internet entrepreneur, venture capitalist, podcaster, and author.
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