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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
You really want to know your cofounders for a while, ideally years.
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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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You need to figure out what the 2 or 3 most important things are, and then just do those.
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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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... for the top twenty most valuable YC companies, all of them have at least two founders.
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... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
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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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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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Most founders have not managed people before, and they certainly haven't managed managers.
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... you want to be proud of how much you can get done with a small numbers of employees.
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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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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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Most of the best hires that I've made in my entire life have never done that thing before.
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In general, it's best if you're building something that you yourself need.
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Unpopular but right is what you're going for.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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You can basically change everything in a startup but the market.
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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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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 have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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