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I actually think every individual is now an entrepreneur, whether they recognize it or not.

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
Think
Thinking
Entrepreneur
Recognize
Actually
Whether
Individual
Every

More quotes by Reid Hoffman

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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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You gotta be both flexible and persistent.
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I'm sympathetic to the people who go, Whoa, we'd like to have the benevolent, wise dictator. It will all work much more efficiently, but the reason that we remain staunch democrats - with a small d - is it's a decades long, it's a centuries long, it's a country long process for being inclusive.
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It's very conventional to say that you're a contrarian these days.
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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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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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Democracy is always frustrating.
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The challenge when you think about product distribution is: how are you competing for potential customers or potential members time?
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When you turn a company profitable you've gone from a company whose days are numbered to a company whose days can be infinite.
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I don't normally think of like most successful moments, because like most entrepreneurs, I tend to think that however how high of a mountain I've climbed, I'm always looking at the next mountain to climb.
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Silicon Valley tends to believe in the individual who creates a small group and does something big.
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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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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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Innovation comes from long-term thinking and iterative execution.
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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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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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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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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.
Reid Hoffman
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You have to be constantly reinventing yourself and investing in the future.
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Giving birth to something that could possibly change the lives of millions of people for possibly decades, hundreds of years, whatever the length of time the run is, is a great feeling.
Reid Hoffman