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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Feels
Imposter
Time
Scared
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Starting
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Everyone
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More quotes by Sam Altman
Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.
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If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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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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It really is true that you become an average of the people you spend the most time with.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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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 cost of getting an early hire wrong is really high.
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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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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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You need to figure out what the 2 or 3 most important things are, and then just do those.
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The best people know that they should join a rocketship.
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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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Employees will only add more value over time.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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So always keep momentum, it's this prime directive for managing a startup.
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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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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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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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... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.
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