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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
Advantage
Move
Company
Advantages
Moving
Companies
Main
Speed
Fast
Large
More quotes by Sam Altman
I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
Sam Altman
Losing focus is another way that founders get off track.
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You need this sort of a tailwind to make a startup successful.
Sam Altman
I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
Sam Altman
So you should always stay on top of people's vesting schedules.
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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
Sam Altman
When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
Sam Altman
The thing that kills startups at some level, is the founders giving up.
Sam Altman
The way to have a company that executes well is you have to execute well yourself.
Sam Altman
When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
Sam Altman
Founders need to figure out what the message of the company is going to be.
Sam Altman
A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
Sam Altman
Why now, why is this the perfect time for this particular idea, and to start this particular company?
Sam Altman
You should be able to describe any employee as an animal at what they do.
Sam Altman
Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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 startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
Sam Altman
The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
Sam Altman
At the beginning, you should only hire when you have a desperate need to.
Sam Altman
Most founders have not managed people before, and they certainly haven't managed managers.
Sam Altman