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...Silicon Valley's success comes from the way its companies build alliances with their employees.
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
Way
Employees
Valleys
Employee
Companies
Build
Company
Silicon
Success
Alliances
Comes
Valley
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Democracy tends to be a collaborative process, a committee, a consensus.
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Democracy is always frustrating.
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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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It's nice to be happy. But the meaning of life is meaning - what's the impact you're having on the world. Suffering to accomplish that is a perfectly fine thing.
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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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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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Everything in life has some risk, and what you have to actually learn to do is how to navigate it.
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The real secret of Silicon Valley is that it's really all about the people
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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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It's very conventional to say that you're a contrarian these days.
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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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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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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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Companies hire a lot during boom times because they're trying to adequately accelerate into the future.
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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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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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No matter how brilliant your mind or strategy, if you're playing a solo game, you'll always lose out to a team.
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Trust and mutual value creation helps both employer and employee compete in the marketplace.
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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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Pay attention to your culture and your hires from the very beginning.
Reid Hoffman