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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.

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
Jumping
Plane
Airplane
Frequently
Planes
Assembling
Metaphor
Cliff
Use
Cliffs
Way
Entrepreneurship

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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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Good ideas need good strategy to realize their potential.
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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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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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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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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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First mover Advantage doesn't go to the company that starts up, it goes to the company that scales up
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It's very conventional to say that you're a contrarian these days.
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The real secret of Silicon Valley is that it's really all about the people
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The question is: how you cross uneven ground, how you assemble networks around you.
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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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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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You jump off a cliff and you assemble an airplane on the way down.
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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.
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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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I am most heartened when I'm talking to a team when they're reasoning to each other.
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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 tends to be a collaborative process, a committee, a consensus.
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The entrepreneurial journey starts with jumping off a cliff and assembling an airplane on the way down.
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I think the randomness by Donald Trump's governing, by tweeting, sloganeering, attacking, will create great chaos in the entire market. I think people will have difficulties in predicting the future. I think capital will recede.
Reid Hoffman