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Move fast. Speed is one of your main advantages over large companies.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Move
Company
Advantages
Moving
Companies
Main
Speed
Fast
Large
Advantage
More quotes by Sam Altman
You really want to know your cofounders for a while, ideally years.
Sam Altman
The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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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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Employees will only add more value over time.
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You cannot create a market that doesn't want to exist.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
Sam Altman
These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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Losing focus is another way that founders get off track.
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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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You also want to fire people who a) create office politics, and b) who are persistently negative.
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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
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Before product/market fit, your only job that matters is to build a great product.
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In the beginning of a company, there is no management and this actually works really well.
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In general, it's best if you're building something that you yourself need.
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One thing that founders forget is that after they hire employees, they have to retain them.
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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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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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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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