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The fastest way to change yourself is to hang out with people who are already the way you want to be.
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
Change
Way
People
Fastest
Hang
Entrepreneur
Motivational
Already
Business
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The real secret of Silicon Valley is that it's really all about the people
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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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Innovation comes from long-term thinking and iterative execution.
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Silicon Valley tends to believe in the individual who creates a small group and does something big. Democracy is always frustrating, but it creates a society that, for example, allows us to invest in each other's kids, to have public education, to have both a greater society and individual freedom for creating businesses.
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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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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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You remake yourself as you grow and as the world changes. Your identity doesn’t get found. It emerges.
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First mover Advantage doesn't go to the company that starts up, it goes to the company that scales up
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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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Help the people in your network. And let them help you.
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Trust and mutual value creation helps both employer and employee compete in the marketplace.
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I think the randomness by Donald Trump's governing, by tweeting, sloganeering, attacking, will create great chaos in the entire market. I think people will have difficulties in predicting the future. I think capital will recede.
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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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When I'm raising money, this fundraising, I'm thinking about the next fundraising. I'm thinking how I'm set up for it.
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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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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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Every individual is essentially now a small business and entrepreneur.
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Entrepreneurship is a life idea, not a strictly business one a global idea, not a strictly American one.
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Democracy tends to be a collaborative process, a committee, a consensus.
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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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