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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
Frequently
Planes
Assembling
Metaphor
Cliff
Use
Cliffs
Way
Entrepreneurship
Jumping
Plane
Airplane
More quotes by Reid Hoffman
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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Every individual is essentially now a small business and entrepreneur.
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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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I think we realized the depth of frustration through the current political process. So we said, OK, we know there's a serious problem here, we know we need to work on it, and now it's Oh, we need to work on it a lot faster.
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One of the things is when you think, Wait, I'm fearful of retaliation, I'm fearful of oppression because of someone who is going into a public office, who might be vengeful for their own personal reasons, that's actually not a reason to hide - that's a reason to step up, right?This is part of what we learned from the 1920s.
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Democracy tends to be a collaborative process, a committee, a consensus.
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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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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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You jump off a cliff and you assemble an airplane on the way down.
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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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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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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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World-changing startups need to be premised on accurate contrarian theories.
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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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You have to be constantly reinventing yourself and investing in the future.
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Trust and mutual value creation helps both employer and employee compete in the marketplace.
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You remake yourself as you grow and as the world changes. Your identity doesn’t get found. It emerges.
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The key thing that I find that when you're kind of in boom times and you're hiring bunches, if you can hire, you know, always maintain very high standards and even if you, you know, can't find enough of, you know, what is typically called A players, then don't hire the people. All right? So, you know, use that as a way of standards.
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Good ideas need good strategy to realize their potential.
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