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Companies hire a lot during boom times because they're trying to adequately accelerate into the future.
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
Hire
Companies
Company
Future
Times
Trying
Adequately
Accelerate
Boom
More quotes by Reid Hoffman
I actually think we need to put our energies, as entrepreneurs, as technology inventors, as government, to being much more inclusive. I think the key thing is actually working together.
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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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You jump off a cliff and you assemble an airplane on the way down.
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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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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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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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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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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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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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This is classic when you begin thinking about what is a great founder is, you navigate what is apparent paradoxes.
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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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So usually you have to have product distribution as more fundamental than what the actual product is.
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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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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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Democracy tends to be a collaborative process, a committee, a consensus.
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You remake yourself as you grow and as the world changes. Your identity doesn’t get found. It emerges.
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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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Help the people in your network. And let them help you.
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I am most heartened when I'm talking to a team when they're reasoning to each other.
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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.
Reid Hoffman