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The question is: how you cross uneven ground, how you assemble networks around you.
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
Around
Uneven
Assemble
Networks
Cross
Crosses
Ground
Question
More quotes by Reid Hoffman
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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...Silicon Valley's success comes from the way its companies build alliances with their employees.
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Success...is no longer a simple ascension of steps. You need to climb sideways and sometimes down, and sometimes you need to swing from the jungle gym and establish your own turf somewhere else on the playground.
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When I'm raising money, this fundraising, I'm thinking about the next fundraising. I'm thinking how I'm set up for it.
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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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It's better to be the best connected than the most connected.
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If you can get better at your job, you should be an active member of LinkedIn, because LinkedIn should be connecting you to the information, insights and people to be more effective.
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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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The real secret of Silicon Valley is that it's really all about the people
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When you have an idea, a classic entrepreneurial impulse is to hold the idea close to you and not tell people and that's almost always a mistake.
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So usually you have to have product distribution as more fundamental than what the actual product is.
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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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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 challenge when you think about product distribution is: how are you competing for potential customers or potential members time?
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Trust and mutual value creation helps both employer and employee compete in the marketplace.
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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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People are legitimately worried about Donald Trump, almost like a schoolyard bully, if I step up, am I going to be targeted, too?
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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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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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The value of being connected and transparent is so high that the roadbumps of privacy issues are much lower in actual experience than people's fears.
Reid Hoffman