Forces of Innovation

Steve Hoffman is the Chairman & CEO of Founders Space, a global innovation hub for entrepreneurs, corporations, and investors, with over 50 partners in 22 countries. Hoffman is also a venture investor, founder of three venture-backed and two bootstrapped startups, and author of several award-winning books, including Make Elephants Fly, Surviving a Startup, and The Five Forces. In this episode, we discussed the difference between innovation and truly radical change as well as how Steve's experiences in a variety of roles in the startup system have influenced his understanding of leadership. We also discussed why his absolute requirement for success in business is to hire not good but great leaders and what that means. Steve shared an exercise that you can do today that will immediately test your leadership skills and show you how to grow them, and, finally, he discussed his findings about the five forces that will influence business innovation moving forward.