a company’s business model describes how it generates financial returns by producing, selling, and supporting its products. - Reid Hoffman

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a company’s business model describes how it generates financial returns by producing, selling, and supporting its products.

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Alternative Names: Reid Garrett Hoffman Reid G. Hoffman
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Additional quotes by Reid Hoffman

When blitzscaling, speed is more important than having a “well-run” organization. Under normal circumstances, you should strive for organizational coherence and stability. Chaotic, unstable organizations make employees nervous and hurt morale. But when you’re scaling up at lightning speed, you may need to reorganize the company three times in a single year, or repeatedly churn through members of your management team.

Your competitive advantage is formed by the interplay of three different, ever-changing forces: your assets, your aspirations/values, and the market realities, i.e., the supply and demand for what you offer the marketplace relative to the competition.

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