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Every company has a rocky beginning.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Rocky
Beginning
Company
Every
More quotes by Sam Altman
One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
Sam Altman
... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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The startups that do well are the ones that are working all the time.
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One thing that founders forget is that after they hire employees, they have to retain them.
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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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Before product/market fit, your only job that matters is to build a great product.
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So you should always stay on top of people's vesting schedules.
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You need this sort of a tailwind to make a startup successful.
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The biggest PR hack you can do, is not hire a PR firm.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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At the beginning, you should only hire when you have a desperate need to.
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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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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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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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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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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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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Be suspicious of any work that is not building product or getting customers.
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