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The real secret of Silicon Valley is that it's really all about the people

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
People
Silicon
Valley
Valleys
Secret
Real
Really

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I think the boarding schools are like miniature versions of Lord of the Flies.
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You jump off a cliff and you assemble an airplane on the way down.
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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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Part of the entrepreneurial thing is there are lots of ways to die.
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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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Every individual is essentially now a small business and entrepreneur.
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Democracy is always frustrating.
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One of the tests that I frequently use in an interaction is I push on the idea and what I'm looking for is both flexibility & persistence.
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All human beings are entrepreneurs.
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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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Innovation comes from long-term thinking and iterative execution.
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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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It's better to be the best connected than the most connected.
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The key thing is to invest in the future and what that means is when you're deploying technology or you're a technology business, is to make sure that you're keeping on the innovation cycle, where you're both creating and adopting the new business practices, and the new techniques in order to drive your business the right way.
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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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You gotta be both flexible and persistent.
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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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What I think Peter Thiel imagines is that Donald Trump has a policy, that Trump has an idea of what to do. haven't heard any of those ideas. All I hear is sloganeering, vitriol, personal attacks.
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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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