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I think the boarding schools are like miniature versions of Lord of the Flies.
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
Thinking
Miniature
Like
Boarding
Flies
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Schools
Lord
School
Think
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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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Innovation comes from long-term thinking and iterative execution.
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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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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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The entrepreneurial journey starts with jumping off a cliff and assembling an airplane on the way down.
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If you can get better at your job, you should be an active member of LinkedIn, because LinkedIn should be connecting you to the information, insights and people to be more effective.
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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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World-changing startups need to be premised on accurate contrarian theories.
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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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It is impossible to dissociate an individual from the environment of which he is a part. No story of achievement should ever be removed from its broader social context.
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It's useful to be able to recognize whether you're on track or not. To have that belief, but also paranoia about am I tracking against my investment thesis.
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Part of the entrepreneurial thing is there are lots of ways to die.
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Democracy is always frustrating.
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Trust and mutual value creation helps both employer and employee compete in the marketplace.
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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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It's very conventional to say that you're a contrarian these days.
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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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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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