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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
Accelerate
Boom
Hire
Companies
Company
Future
Times
Trying
Adequately

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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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The challenge when you think about product distribution is: how are you competing for potential customers or potential members time?
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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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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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Democracy is always frustrating.
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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'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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The question is: how you cross uneven ground, how you assemble networks around you.
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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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When you think about being contrarian, you have to think about - how is it that smart people will disagree with me, disagree with me ...from a position of intelligence, and there is something that I know that they don't know, that will actually in fact play out to be true.
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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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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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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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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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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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If you don't start out aiming for the big game, you almost never can get there.
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You jump off a cliff and you assemble an airplane on the way down.
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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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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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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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