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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
Idea
Ideas
Important
Great
Even
Distribution
Product
Products
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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.
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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 have to be constantly reinventing yourself and investing in the future.
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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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Companies hire a lot during boom times because they're trying to adequately accelerate into the future.
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It's nice to be happy. But the meaning of life is meaning - what's the impact you're having on the world. Suffering to accomplish that is a perfectly fine thing.
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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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World-changing startups need to be premised on accurate contrarian theories.
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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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Ironically, in a changing world, playing it safe is one of the riskiest things you can do.
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It's very conventional to say that you're a contrarian these days.
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This is classic when you begin thinking about what is a great founder is, you navigate what is apparent paradoxes.
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It's useful to be able to recognize whether you're on track or not. To have that belief, but also paranoia about am I tracking against my investment thesis.
Reid Hoffman
