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It's useful to be able to recognize whether you're on track or not. To have that belief, but also paranoia about am I tracking against my investment thesis.
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
Belief
Whether
Tracking
Also
Paranoia
Able
Thesis
Useful
Investment
Recognize
Track
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...Silicon Valley's success comes from the way its companies build alliances with their employees.
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If you don't start out aiming for the big game, you almost never can get there.
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The challenge when you think about product distribution is: how are you competing for potential customers or potential members time?
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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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I actually think we need to put our energies, as entrepreneurs, as technology inventors, as government, to being much more inclusive. I think the key thing is actually working together.
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Innovation comes from long-term thinking and iterative execution.
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Democracy is always frustrating.
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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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Ironically, in a changing world, playing it safe is one of the riskiest things you can do.
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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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All human beings are entrepreneurs.
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Good ideas need good strategy to realize their potential.
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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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You jump off a cliff and you assemble an airplane on the way down.
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Every individual is essentially now a small business and entrepreneur.
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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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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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Democracy tends to be a collaborative process, a committee, a consensus.
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Silicon Valley is a mindset, not a location.
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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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