if the fires at your start-up are burning money but not touching the customer, and if you’re able to afford the waste, you might be able to literally… - Reid Hoffman

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Engraved portrait of Reid Hoffman

if the fires at your start-up are burning money but not touching the customer, and if you’re able to afford the waste, you might be able to literally buy time and ignore them.

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Portrait adapted from Wikimedia Commons, U.S. Secretary of Defense (CC BY)

Also Known As

Alternative Names: Reid Garrett Hoffman Reid G. Hoffman

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Additional quotes by Reid Hoffman

Making a decision reduces opportunities in the short run, but increases opportunities in the long run. To move forward in your career, you have to commit to specific opportunities as part of an iterative plan, despite doubt and despite inconvenience.

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Broadcast television succeeded by providing the same thing to all its viewers — a model driven by the technological innovation of broadcasting content via wireless signals and later coaxial cable. Netflix succeeds by providing a carefully personalized experience to each of its many viewers, giving it a huge advantage over its traditional television competitors. Moreover, Netflix produces exactly what it knows its customers want based on their past viewing habits, eliminating the waste of all those pilots, and only loses customers when they make a proactive decision to cancel their subscription

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