Hoffman: "I Never Wanted to be LinkedIn's CEO Forever"
"Even when I founded the company, my view was, there were a bunch of things I wanted to do other than be the CEO of the company," he said. He had a revelation --"I'm screwing up as a CEO."
In 2009, he brought Jeff Wiener in to run LinkedIn and stepped aside as the Executive Chairman.
A new CEO partially has to refactor the team anyway, so it felt like the right time to hire a new CEO, he said. Meanwhile, Hofman was struggling with creating unity within teams at LinkedIn -- he hired a set of talented people who were merely talented but could not assemble as a team.
"It's always easy to fire lame people… Part of the real challenge is that it's not just people, it's people that work together in a good team." At one point, LinkedIn's team was full of smart people pulling in all different directions, and Hoffman realized the company needed a CEO, head of product and operator to manage the company as it scaled.