Quote

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.

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
Always
Impulse
People
Close
Hold
Mistake
Almost
Idea
Tell
Entrepreneurial
Ideas
Classic

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Part of the reason we like democracy is it's the portfolio of decades, which is to say you don't also get the disastrous dictator who completely destroys a society, engages you in wars and so forth.
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Silicon Valley is a mindset, not a location.
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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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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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Democracy is always frustrating.
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World-changing startups need to be premised on accurate contrarian theories.
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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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A networker likes to meet people. I don't. I like accomplishing things in the world. You meet people when you want to accomplish something.
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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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...Silicon Valley's success comes from the way its companies build alliances with their employees.
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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 question is: how you cross uneven ground, how you assemble networks around you.
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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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Democracy tends to be a collaborative process, a committee, a consensus.
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I think the boarding schools are like miniature versions of Lord of the Flies.
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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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You gotta be both flexible and persistent.
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You remake yourself as you grow and as the world changes. Your identity doesn’t get found. It emerges.
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One of the things is when you think, Wait, I'm fearful of retaliation, I'm fearful of oppression because of someone who is going into a public office, who might be vengeful for their own personal reasons, that's actually not a reason to hide - that's a reason to step up, right?This is part of what we learned from the 1920s.
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Innovation comes from long-term thinking and iterative execution.
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