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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.

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
Times
Cover
Making
Careful
Business
Mistakes
Helping
Parts
Happens
Weakness
Wells
Normal
Well
Mistake
Recessions
Going
Less
Boom

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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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When you turn a company profitable you've gone from a company whose days are numbered to a company whose days can be infinite.
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All human beings are entrepreneurs.
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You gotta be both flexible and persistent.
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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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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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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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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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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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Innovation comes from long-term thinking and iterative execution.
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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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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?
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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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It's very conventional to say that you're a contrarian these days.
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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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The fastest way to change yourself is to hang out with people who are already the way you want to be.
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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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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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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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