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So usually you have to have product distribution as more fundamental than what the actual product is.
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
Products
Usually
Distribution
Actual
Fundamental
Fundamentals
Product
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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.
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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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All human beings are entrepreneurs.
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You jump off a cliff and you assemble an airplane on the way down.
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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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Innovation comes from long-term thinking and iterative execution.
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This is classic when you begin thinking about what is a great founder is, you navigate what is apparent paradoxes.
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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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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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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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Good ideas need good strategy to realize their potential.
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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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No matter how brilliant your mind or strategy, if you're playing a solo game, you'll always lose out to a team.
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Having a great idea for a product is important, but having a great idea for product distribution is even more important.
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Pay attention to your culture and your hires from the very beginning.
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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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First mover Advantage doesn't go to the company that starts up, it goes to the company that scales up
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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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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