Like many other social networking platforms in the 90s, it didn’t seem like a promising venture. SocialNet was created to provide users with opportunities for dating, roommate matching and professional networking. In 1997, he went ahead to start his first company called SocialNet. In 1996, eWorld was officially shut down and the subscribers were offered incentives to switch to AOL. eWorld was an early attempt at creating a social network and In a market where AOL had a commanding lead, eWorld was doomed to fail. He joined Apple in 1994 where he worked on building e-world. When he realized he wasn’t going to make as much impact as he would like being a professor, he started pursuing his career in business and entrepreneurship. From the start, he had always been convinced that he was going to try and influence the world on a larger scale and at that time, his best bet was to study to become a professor. Most times we see the successes of startups and their founders that we tend to forget how much effort and sacrifices the founders had to make and how they got to where they are today.įor the first episode in this series (The Failure Series – Founders Edition), we would be learning about Reid Hoffman – a venture capitalist and co-founder of LinkedIn – and how his past failures made a major impact on his success today.Ĭurrently, Reid Hoffman is one of the world’s billionaires with a net worth of $2.4billion but it wasn’t all roses from the jump. Every week, we take a deep dive into the failures of founders, the major lessons from their failures and how despite these failures, they turned out successful.
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