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This is classic when you begin thinking about what is a great founder is, you navigate what is apparent paradoxes.
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
Apparent
Founders
Paradox
Classic
Begin
Great
Paradoxes
Thinking
Founder
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All human beings are entrepreneurs.
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Every individual is essentially now a small business and entrepreneur.
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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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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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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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Innovation comes from long-term thinking and iterative execution.
Reid Hoffman
Companies hire a lot during boom times because they're trying to adequately accelerate into the future.
Reid Hoffman
It is impossible to dissociate an individual from the environment of which he is a part. No story of achievement should ever be removed from its broader social context.
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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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Entrepreneurship is a life idea, not a strictly business one a global idea, not a strictly American one.
Reid Hoffman
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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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.
Reid Hoffman
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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Democracy is always frustrating.
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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?
Reid Hoffman
Pay attention to your culture and your hires from the very beginning.
Reid Hoffman
Ironically, in a changing world, playing it safe is one of the riskiest things you can do.
Reid Hoffman
The metaphor that I frequently use for entrepreneurship is jumping off a cliff and assembling an airplane plane on the way down.
Reid Hoffman
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.
Reid Hoffman
When I'm raising money, this fundraising, I'm thinking about the next fundraising. I'm thinking how I'm set up for it.
Reid Hoffman