Quote

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.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Company
Refinement
Values
Breakthrough
Often
Complexes
Three
Complex
Two
Companies
Best
Innovation
Great
Value
Incremental
Create
Coordination

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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.
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You don't get to make their decisions but you do get to choose the decision makers.
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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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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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If you compromise in the first five, ten hires it might kill the company.
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You should be able to describe any employee as an animal at what they do.
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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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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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The biggest PR hack you can do, is not hire a PR firm.
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Unpopular but right is what you're going for.
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The single word that matters most I think to keep the company productive as it grows is alignment.
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Move fast. Speed is one of your main advantages over large companies.
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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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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 second part of how to hire: try not to.
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A single mediocre hire in the first five will often in fact kill a startup.
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If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
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If it works out, you're going to be working on this for 10 years.
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