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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.

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
Turn
Days
Company
Gone
Turns
Numbered
Profitable
Infinite
Whose

More quotes by Reid Hoffman

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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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Make sure a certain percentage of the people that you're hiring are generalists so that you can be, kind of reconfigured in the workforce pretty easily.
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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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Every individual is essentially now a small business and entrepreneur.
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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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Help the people in your network. And let them help you.
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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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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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Trust and mutual value creation helps both employer and employee compete in the marketplace.
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The value of being connected and transparent is so high that the roadbumps of privacy issues are much lower in actual experience than people's fears.
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One of the phrases I frequently look for is infinite learning curve.Because each entrepreneurial pattern is to some degree unique and new.
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There's a lot of people in the world that would love to trade places with American citizens, and we are very fortunate to be here.
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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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You have to be constantly reinventing yourself and investing in the future.
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First mover Advantage doesn't go to the company that starts up, it goes to the company that scales up
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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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People are legitimately worried about Donald Trump, almost like a schoolyard bully, if I step up, am I going to be targeted, too?
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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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You gotta be both flexible and persistent.
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The real secret of Silicon Valley is that it's really all about the people
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