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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
States
Miracle
Fate
Early
Days
Start
Miracles
Dies
Multiple
State
Require
Natural
Escape

More quotes by Sam Altman

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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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Press releases are easier to write than code, and that is still easier than making a great product.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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Founders need to figure out what the message of the company is going to be.
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You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.
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The track record for founders that don't already know each other is really bad.
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You certainly don't need to have everything figured out in the path from here to world domination.
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You want to sound crazy, but you want to actually be right.
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Every company has a rocky beginning.
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Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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So you should always stay on top of people's vesting schedules.
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A board member of mine used to say sales fix everything in a startup, and that is really true.
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One thing that founders forget is that after they hire employees, they have to retain them.
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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
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