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The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Seems
Best
Stealing
Ideas
Beginning
Look
Truly
Looks
Worth
Good
Seem
Like
Terrible
Often
More quotes by Sam Altman
... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
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One thing I tell startups all the time is that the best way to grow is to make their product better.
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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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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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In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.
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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 founders have not managed people before, and they certainly haven't managed managers.
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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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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 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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Great execution towards a terrible idea will get you nowhere.
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You should be able to describe any employee as an animal at what they do.
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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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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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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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