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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.
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
Imagine
Attacks
Heard
Peter
Idea
Donald
Ideas
Haven
Think
Policy
Thinking
Personal
Trump
Vitriol
Hear
Imagines
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Pay attention to your culture and your hires from the very beginning.
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Good ideas need good strategy to realize their potential.
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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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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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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 real secret of Silicon Valley is that it's really all about the people
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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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You gotta be both flexible and persistent.
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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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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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If you don't start out aiming for the big game, you almost never can get there.
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One of the tests that I frequently use in an interaction is I push on the idea and what I'm looking for is both flexibility & persistence.
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Democracy is always frustrating.
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Innovation comes from long-term thinking and iterative execution.
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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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Everything in life has some risk, and what you have to actually learn to do is how to navigate it.
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I actually think every individual is now an entrepreneur, whether they recognize it or not.
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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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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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World-changing startups need to be premised on accurate contrarian theories.
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