The problem is that, by definition, business model innovation involves trying something that is new, and thus unproven! - Reid Hoffman

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The problem is that, by definition, business model innovation involves trying something that is new, and thus unproven!

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

As Paul saw it, the projections, the spreadsheets, the grand marketing plans were all secondary. First, you had to build something that a tiny cohort of users would love. If they loved it, presumably millions of others would, too. And since love tends to be shared, your product or service would have the best kind of marketing, the kind money couldn’t buy — and it would grow and grow. Paul’s point was that in order to build something Brian’s core user would truly love, he needed to meet them where they live — literally. He had to talk to them, listen to them, watch them, and try his best to understand them. And as Paul told Brian, this was the moment to seize that opportunity. “It’s the only time,” Paul said, “you’ll ever be small enough that you can meet all your customers, get to know them — and make something directly for them.” In 2013, Paul would codify this advice in his famous essay “Do Things That Don’t Scale,” which also serves as #6 of my Counterintuitive Rules of Blitzscaling.

If you’re willing to accept the risks of blitzscaling when others aren’t, you’ll be able to move faster than they will. If the prize to be won is big enough, and the competition to win it is intense enough, blitzscaling becomes a rational, even optimal strategy.

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