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The challenge when you think about product distribution is: how are you competing for potential customers or potential members time?
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
Challenges
Distribution
Time
Competing
Think
Customers
Thinking
Product
Potential
Challenge
Products
Members
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I think the randomness by Donald Trump's governing, by tweeting, sloganeering, attacking, will create great chaos in the entire market. I think people will have difficulties in predicting the future. I think capital will recede.
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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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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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Democracy is always frustrating.
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You jump off a cliff and you assemble an airplane on the way down.
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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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I am most heartened when I'm talking to a team when they're reasoning to each other.
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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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Democracy tends to be a collaborative process, a committee, a consensus.
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All human beings are entrepreneurs.
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When you think about being contrarian, you have to think about - how is it that smart people will disagree with me, disagree with me ...from a position of intelligence, and there is something that I know that they don't know, that will actually in fact play out to be true.
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I think the boarding schools are like miniature versions of Lord of the Flies.
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You have to be constantly reinventing yourself and investing in the future.
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It's very conventional to say that you're a contrarian these days.
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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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Giving birth to something that could possibly change the lives of millions of people for possibly decades, hundreds of years, whatever the length of time the run is, is a great feeling.
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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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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 actually think every individual is now an entrepreneur, whether they recognize it or not.
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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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