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One thing I tell startups all the time is that the best way to grow is to make their product better.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Best
Better
Thing
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Product
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More quotes by Sam Altman
So it's worth some real up front time to think through the long term value and the defensibility of the business.
Sam Altman
Most founders have not managed people before, and they certainly haven't managed managers.
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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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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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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
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For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
Sam Altman
Every company has a rocky beginning.
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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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A board member of mine used to say sales fix everything in a startup, and that is really true.
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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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Most of the best hires that I've made in my entire life have never done that thing before.
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... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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No matter what you choose, build stuff and be around smart people.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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The way to have a company that executes well is you have to execute well yourself.
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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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