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"A billionaire venture capitalist who has known Elon Musk for decades says there’s one crucial thing that Americans should understand about how the adviser to President Donald Trump operates.
Musk doesn’t value the opinions of other people, LinkedIn co-founder Reid Hoffman, who worked with Musk in the early days of PayPal.
The approach of the Tesla chief executive to cutting government waste, Hoffman said, mirrors how he would operate one of his own companies (Musk is also the CEO of SpaceX and owns the social-media platform X).
Hoffman added that, while some inefficiency exists within government, “it’s actually the nature of the beast, and you’re better off for it,” because it provides stability.
'If a company goes boom and blows up and suddenly, you know, is just a smoking crater, it’s a tragedy … but it’s easily recoverable. If a government blows up, that’s a terror for all of society,' Hoffman said.”
FROM:
Market Watch
Musk doesn’t really value other people’s advice, says Reid Hoffman
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Published: March 10, 2025 at 11:02 a.m. ET
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