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I think Hillary [Clinton] hears the anger in a broad swath of the American people, and she says, OK, how do I help create a future that's good for 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
Help
Hears
American
Broads
Future
Broad
Helping
Hillary
Good
Anger
Think
Clinton
Thinking
Says
People
Create
Swath
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You gotta be both flexible and persistent.
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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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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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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 I ever hear a founder talk about oh this is how I have a balanced life so on and so forth - they're not committed to winning.
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This is classic when you begin thinking about what is a great founder is, you navigate what is apparent paradoxes.
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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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It's very conventional to say that you're a contrarian these days.
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Good ideas need good strategy to realize their potential.
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What makes the meaning of life is people, so you try to be good to people immediately around you and in your broader community. So a lot of my projects are about how I can affect the world in the hundreds of millions.
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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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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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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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Ironically, in a changing world, playing it safe is one of the riskiest things you can do.
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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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Every individual is essentially now a small business and entrepreneur.
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The question is: how you cross uneven ground, how you assemble networks around you.
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The entrepreneurial journey starts with jumping off a cliff and assembling 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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Everything in life has some risk, and what you have to actually learn to do is how to navigate it.
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