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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
Company
Doesn
Firsts
First
Mover
Scales
Starts
Advantage
Goes

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People are legitimately worried about Donald Trump, almost like a schoolyard bully, if I step up, am I going to be targeted, too?
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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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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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The question is: how you cross uneven ground, how you assemble networks around you.
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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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Ironically, in a changing world, playing it safe is one of the riskiest things you can do.
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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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All human beings are entrepreneurs.
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It's very conventional to say that you're a contrarian these days.
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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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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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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 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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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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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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Entrepreneurship is a life idea, not a strictly business one a global idea, not a strictly American one.
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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 tends to believe in the individual who creates a small group and does something big.
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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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So usually you have to have product distribution as more fundamental than what the actual product is.
Reid Hoffman