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No matter how brilliant your mind or strategy, if you're playing a solo game, you'll always lose out to a team.
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
Team
Entrepreneur
Games
Strategy
Business
Brilliant
Matter
Lose
Mind
Playing
Teamw
Always
Game
Teammate
Loses
Teamwork
Crazy
Solo
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Democracy is always frustrating.
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Good ideas need good strategy to realize their potential.
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Pay attention to your culture and your hires from the very beginning.
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You have to be constantly reinventing yourself and investing in the future.
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When you think about being contrarian, you have to think about - how is it that smart people will disagree with me, disagree with me ...from a position of intelligence, and there is something that I know that they don't know, that will actually in fact play out to be true.
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What makes the meaning of life is people, so you try to be good to people immediately around you and in your broader community. So a lot of my projects are about how I can affect the world in the hundreds of millions.
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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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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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So usually you have to have product distribution as more fundamental than what the actual product is.
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Ironically, in a changing world, playing it safe is one of the riskiest things you can do.
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It's better to be the best connected than the most connected.
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The real secret of Silicon Valley is that it's really all about the people
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Every individual is essentially now a small business and entrepreneur.
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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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Having a great idea for a product is important, but having a great idea for product distribution is even more important.
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When you have an idea, a classic entrepreneurial impulse is to hold the idea close to you and not tell people and that's almost always a mistake.
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The key thing that I find that when you're kind of in boom times and you're hiring bunches, if you can hire, you know, always maintain very high standards and even if you, you know, can't find enough of, you know, what is typically called A players, then don't hire the people. All right? So, you know, use that as a way of standards.
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Part of the reason we like democracy is it's the portfolio of decades, which is to say you don't also get the disastrous dictator who completely destroys a society, engages you in wars and so forth.
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The question is: how you cross uneven ground, how you assemble networks around you.
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