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First mover Advantage doesn't go to the company that starts up, it goes to the company that scales up

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
Starts
Advantage
Goes
Company
Doesn
Firsts
First
Mover
Scales

More quotes by Reid Hoffman

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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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One of the phrases I frequently look for is infinite learning curve.Because each entrepreneurial pattern is to some degree unique and new.
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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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Democracy is always frustrating.
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The metaphor that I frequently use for entrepreneurship is jumping off a cliff and assembling an airplane plane on the way down.
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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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You jump off a cliff and you assemble an airplane on the way down.
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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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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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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.
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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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The fastest way to change yourself is to hang out with people who are already the way you want to be.
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The key thing in any kind of guiding of the business is how do you create a strong organization that is kind of accelerating into the future. And when you're in trouble, the question is, what are the techniques that you can, you know, trim, refinance, sell, et cetera, in order to get this business back to that characteristic.
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If I ever hear a founder talk about oh this is how I have a balanced life so on and so forth - they're not committed to winning.
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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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World-changing startups need to be premised on accurate contrarian theories.
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Silicon Valley is a mindset, not a location.
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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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You gotta be both flexible and persistent.
Reid Hoffman
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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