Quotes from the book "Masters of Scale"

Quotes from the book "Masters of Scale" -  Reid Hoffman.

The earlier you can predict a "Yes" in a field of "Nos" the bigger your opportunity.

Part of the journey that we entrepreneurs are on is learning how to separate our winning instincts from our losing ideas. Your instincts are right 95% of the time and your ideas might be right 25% of the time.

Time is your most precious resource; don't waste it on a bad idea. Naysayers are likely to be right, their "Nos" can help you switch from a failing Plan A to a more promising Plan B.

It's better to have one hundred users who love you than a million users who just kind of like you.

A lot of people have the fallacy of believing design is how it looks. Design is how it works.

If you're not grappling with decisions, then you're living with a false sense of neutrality.

Trust = Consistency Over Time.

If you foolproof your culture, you'll have a culture of fools.

You can train someone on technical skills, but you can't train somebody on what they believe or what they don't believe.

The winning combination is persistence and curiosity.

The reality is, that your most dangerous competitors are rarely the big guys.

In aviation, they teach you to make rapid decisions, over and over again: Decide. Decide. Decide. It's better to make a decision and just accept the consequences.

Fast decisions fuel innovation. Nothing kills creativity like running into bureaucratic red tape.

Founders often dream of "overnight success" but they don't think enough about what happens the following morning.

If you try to put out every fire at once, you'll only burn yourself out.

So here's where probability comes into play: Is there a 0.1 percent chance of this happening, or maybe even just 0.01 percent? Well then, you can probably wait to solve it in three months or six months.

Any technology in human history is neutral, it's how we decide to use it.

For all entrepreneurs, my advice is to have a learning mindset, you have a learning mindset, and you have to figure out the new rules of the game before you can devise a winning strategy. Be a "learn-it-all," not a "know-it-all."

Don't fear imperfections in software products. They won't make or break your company. What will make or break you is speed.

When in doubt, watch what they do, not what they say.

People are very poor at predicting their own reactions to new things.

To truly learn from your customers, you have to be willing to follow them wherever they lead you, and even let them hijack your product.

Bill Gates said this: "You are not a platform until the people who are building on you make more money than you do."

A leader needs two things to create a strong unified team: an elevated mission and everyday human contact.

Leaders should NOT keep telling us what to do, instead of telling us where to go.

Happy reading !!!