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Obsess about the quality of the product.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Products
Quality
Obsess
Product

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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.
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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
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If you compromise in the first five, ten hires it might kill the company.
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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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The most important thing is that there is clear reporting structure and everyone knows what it is.
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The best people know that they should join a rocketship.
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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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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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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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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You can basically change everything in a startup but the market.
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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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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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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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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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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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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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