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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
Product
Products
Quality
Obsess
More quotes by Sam Altman
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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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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Losing focus is another way that founders get off track.
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No growth hack, brilliant marketing idea, or sales team can save you long term if you don't have a sufficiently good product.
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For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
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You want to sound crazy, but you want to actually be right.
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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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The cost of getting an early hire wrong is really high.
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Employees will only add more value over time.
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If it takes more than a sentence to explain what you are doing, it's almost always a sign that what you are doing is too complicated.
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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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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So you should always stay on top of people's vesting schedules.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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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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Most of the best hires that I've made in my entire life have never done that thing before.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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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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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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