Last December, LinkedIn co-founder Reid Hoffman apologized after the New York Times reported that he'd funded a group that spread misinformation on Facebook ahead of the 2017 Alabama Senate election.

On Tuesday, at the Times' New Work Summit, moderator Rebecca Blumenstein asked Hoffman if the experience had caused him to rethink whether he would participate in politics.

"Normally I'd prefer to avoid politics altogether," Hoffman said, adding that he used to try and identify good leaders and then support them with advice as needed.

But Trump has changed how he thinks.