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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
Fundamental
Fundamentals
Product
Products
Usually
Distribution
Actual
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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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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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This is classic when you begin thinking about what is a great founder is, you navigate what is apparent paradoxes.
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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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You gotta be both flexible and persistent.
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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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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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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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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 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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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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The question is: how you cross uneven ground, how you assemble networks around you.
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Democracy is always frustrating.
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Part of the entrepreneurial thing is there are lots of ways to die.
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Ironically, in a changing world, playing it safe is one of the riskiest things you can do.
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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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World-changing startups need to be premised on accurate contrarian theories.
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Silicon Valley is a mindset, not a location.
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I actually think every individual is now an entrepreneur, whether they recognize it or not.
Reid Hoffman