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You have to be constantly reinventing yourself and investing in the future.
Reid Hoffman
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Reid Hoffman
Age: 57
Born: 1967
Born: August 5
Businessperson
Entrepreneur
Investor
Writer
Stanford
California
Reid Garrett Hoffman
Reid G. Hoffman
Reinventing
Investing
Constantly
Future
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Your network is the people who want to help you, and you want to help them, and that's really powerful.
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...Silicon Valley's success comes from the way its companies build alliances with their employees.
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The question is: how you cross uneven ground, how you assemble networks around you.
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It's very conventional to say that you're a contrarian these days.
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Success...is no longer a simple ascension of steps. You need to climb sideways and sometimes down, and sometimes you need to swing from the jungle gym and establish your own turf somewhere else on the playground.
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Every individual is essentially now a small business and entrepreneur.
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What I think Peter Thiel imagines is that Donald Trump has a policy, that Trump has an idea of what to do. haven't heard any of those ideas. All I hear is sloganeering, vitriol, personal attacks.
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Everything in life has some risk, and what you have to actually learn to do is how to navigate it.
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The key thing in any kind of guiding of the business is how do you create a strong organization that is kind of accelerating into the future. And when you're in trouble, the question is, what are the techniques that you can, you know, trim, refinance, sell, et cetera, in order to get this business back to that characteristic.
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Make sure a certain percentage of the people that you're hiring are generalists so that you can be, kind of reconfigured in the workforce pretty easily.
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The key thing is to invest in the future and what that means is when you're deploying technology or you're a technology business, is to make sure that you're keeping on the innovation cycle, where you're both creating and adopting the new business practices, and the new techniques in order to drive your business the right way.
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It's better to be the best connected than the most connected.
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Pay attention to your culture and your hires from the very beginning.
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Social networks do best when they tap into one of the seven deadly sins. Facebook is ego. Zynga is sloth. LinkedIn is greed.
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Companies hire a lot during boom times because they're trying to adequately accelerate into the future.
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During normal times or boom times, there are some parts of the business that are going to so well, that that can cover for weakness and other parts of the business. What happens during recessions, is you have less windfalls just helping you cover mistakes. You have to be more careful about not making mistakes.
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The entrepreneurial journey starts with jumping off a cliff and assembling an airplane on the way down.
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Democracy tends to be a collaborative process, a committee, a consensus.
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