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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.
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
Distribution
Product
Products
Idea
Ideas
Important
Great
Even
More quotes by Reid Hoffman
World-changing startups need to be premised on accurate contrarian theories.
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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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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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...Silicon Valley's success comes from the way its companies build alliances with their employees.
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Help the people in your network. And let them help you.
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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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A networker likes to meet people. I don't. I like accomplishing things in the world. You meet people when you want to accomplish something.
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One of the tests that I frequently use in an interaction is I push on the idea and what I'm looking for is both flexibility & persistence.
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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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I actually think we need to put our energies, as entrepreneurs, as technology inventors, as government, to being much more inclusive. I think the key thing is actually working together.
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I think we realized the depth of frustration through the current political process. So we said, OK, we know there's a serious problem here, we know we need to work on it, and now it's Oh, we need to work on it a lot faster.
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It's very conventional to say that you're a contrarian these days.
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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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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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There's a lot of people in the world that would love to trade places with American citizens, and we are very fortunate to be here.
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Democracy tends to be a collaborative process, a committee, a consensus.
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I am most heartened when I'm talking to a team when they're reasoning to each other.
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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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Good ideas need good strategy to realize their potential.
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