American - Businessman | August 5, 1967 -
Blitzscaling is what you do when you need to grow really, really quickly. It's the science and art of rapidly building out a company to serve a large and usually global market, with the goal of becoming the first mover at scale. This is high-impact entrepreneurship.
Reid Hoffman
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Blitzscaling is always managerially inefficient - and it burns through a lot of capital quickly. But you have to be willing to take on these inefficiencies in order to scale up. That's the opposite of what large organizations optimize for.
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The world's better off the more Silicon Valleys there are and the more scaled companies there are.
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People are still very focused on the startup story: Risk-taking founders, with a bold idea, some capital and a network supportive environment, go out and take the shot on goal. But the problem is, this is no longer the truth about what makes Silicon Valley so special.
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Your customers are always a bottomless well of surprises.
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The key thing for me has always been how we realize the mission - enabling every professional in the world to change their own economic curve by the strength of their alliances and connections with other people.
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I really like the 'Silicon Valley' show. It's good to do a little rib-poking and not take yourself too seriously, so I think it's awesome the show does that.
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Business is the systematic playing of games.
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The way you deal with bullies is you change their economic equation. Make it more expensive for them to hassle you.
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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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In crisis times, it's actually not more difficult to motivate your staff, because everyone gets much more focused on how they control their own economic destiny.
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If performance management were a movie, it will become less 'Gladiator' and more 'Moneyball.'
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