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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
Distribution
Actual
Fundamental
Fundamentals
Product
Products
Usually
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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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I think Hillary [Clinton] hears the anger in a broad swath of the American people, and she says, OK, how do I help create a future that's good for you?
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You gotta be both flexible and persistent.
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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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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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The entrepreneurial journey starts with jumping off a cliff and assembling an airplane on the way down.
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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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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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The metaphor that I frequently use for entrepreneurship is jumping off a cliff and assembling an airplane plane on the way down.
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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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Companies hire a lot during boom times because they're trying to adequately accelerate into the future.
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All human beings are entrepreneurs.
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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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It's better to be the best connected than the most connected.
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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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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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