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Published · transcript-backed

Reid Hoffman: belief

15 Jan 2020 Conversations with Tyler Reid Hoffman on Systems, Levers, and Quixotic Quests

“I would say that my comparative strength was that I was willing to interface with these various massive platforms and institutions — eBay, Visa, Mastercard, government regulation, other companies — and to figure out how to win PayPal a place within those platforms, how to navigate their concerns, how to not make PayPal be organ rejection to those entities.”

— Reid Hoffman

Source trail

Everything needed to verify it.

Speaker
Reid Hoffman
Attribution
Verified speaker
Claim type
belief
Recorded
15 Jan 2020
Publisher
Conversations with Tyler

Transcript context

…And what was your comparative strength on the PayPal team? I think that would be an interesting question to ask other people, including Peter. I would say that my comparative strength was that I was willing to interface with these various massive platforms and institutions — eBay, Visa, Mastercard, government regulation, other companies — and to figure out how to win PayPal a place within those platforms, how to navigate their concerns, how to not make PayPal be organ rejection to those entities. That ability to both tolerate very different cultures, very different mind views, very different conceptions of what’s going on, but also get PayPal a seat at the table, was probably one of my unique skills within the PayPal crew. And how did you learn to argue to the regulators that PayPal is not a bank? I have money in my PayPal account. It sure feels to me like a deposit, correct?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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