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If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Fully
Kill
Baby
Bits
Worst
Hard
Pivot
Thing
Babies
Trying
Conviction
More quotes by Sam Altman
Obsess about the quality of the product.
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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Be suspicious of any work that is not building product or getting customers.
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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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You also want to fire people who a) create office politics, and b) who are persistently negative.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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So always keep momentum, it's this prime directive for managing a startup.
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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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It really is true that you become an average of the people you spend the most time with.
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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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One thing that founders forget is that after they hire employees, they have to retain them.
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You want to sound crazy, but you want to actually be right.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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You can basically change everything in a startup but the market.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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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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One thing that founders always underestimate is how hard it is to recruit.
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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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