Startup quotes: Reid Hoffman from LinkedIn

Reid Hoffman, born on August 5th in 1967, is a famous entrepreneur founded business network platform LinkedIn.

Reid is one of the most knowledgeable (Paypal, Linkedin, Greylock Partners) and well-connect entrepreneurs in the Silicon Valley.

Startup quotes from Reid Hoffman

#1: “AN ENTREPRENEUR IS SOMEONE WHO JUMPS OFF A CLIFF AND BUILDS A PLANE ON THE WAY DOWN”

#2: “IF YOU ARE NOT EMBARRASSED BY YOUR FIRST PRODUCT, THEN YOU’VE LAUNCHED TOO LATE.”

#3: “IN REAL ESTATE THE WISDOM SAYS „LOCATION, LOCATION, LOCATION.“ IN CONSUMER INTERNET, THINK „DISTRIBUTION, DISTRIBUTION, DISTRIBUTION.”

#4: “EVERY INTERNET ENTREPRENEUR SHOULD ANSWER THESE QUESTIONS: HOW DO WE GET TO ONE MILLION USERS? THEN HOW DO WE GET TO 10 MILLION USERS? THEN HOW WILL YOU GET DEEP ENGAGEMENT BY YOUR USERS.”

#5: “EVERYONE IS NOW AN ENTREPRENEUR, WHETHER THEY RECOGNISE IT OR NOT.”

#6: “ONE THING I LEARNED IN ’97, WHEN I THOUGHT THE RIGHT TIME TO FOUND A COMPANY WAS DURING A SWING-UP, IS THAT IT‘S MUCH BETTER TO START DURING AN ECONOMIC DOWNTURN. PARTNERSHIPS ARE EASIER; HIRING IS EASIER; AND THE COMPETITION STARTS LATER.”