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What great founders do is seek the networks that will be essential to their task... Usually it's best to have two or three people on a team rather than a solo founder.
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
Usually
Networks
Team
Founders
Rather
Solo
Three
Task
Two
Tasks
Best
Essential
Great
Essentials
People
Seek
Founder
More quotes by Reid Hoffman
The entrepreneurial journey starts with jumping off a cliff and assembling an airplane on the way down.
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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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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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First mover Advantage doesn't go to the company that starts up, it goes to the company that scales up
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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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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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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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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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The real secret of Silicon Valley is that it's really all about the people
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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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Entrepreneurship is a life idea, not a strictly business one a global idea, not a strictly American one.
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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 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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You have to be constantly reinventing yourself and investing in the future.
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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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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 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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World-changing startups need to be premised on accurate contrarian theories.
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If you can get better at your job, you should be an active member of LinkedIn, because LinkedIn should be connecting you to the information, insights and people to be more effective.
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