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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
Time
Imposter
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Scared
Starting
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Everyone
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More quotes by Sam Altman
You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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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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You need this sort of a tailwind to make a startup successful.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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You need to have a culture where people have very high quality standards in everything the company does, but still move quickly.
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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 compromise and hire someone mediocre you will always regret it.
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When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
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You really want to know your cofounders for a while, ideally years.
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You can basically change everything in a startup but the market.
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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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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In general, it's best if you're building something that you yourself need.
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You think you have this great idea that everyone's going to come join, but that's not how it works.
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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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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
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