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No matter what you choose, build stuff and be around smart people.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Around
Matter
People
Build
Smart
Choose
Stuff
More quotes by Sam Altman
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
Sam Altman
The track record for founders that don't already know each other is really bad.
Sam Altman
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.
Sam Altman
Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
Sam Altman
We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
Sam Altman
The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.
Sam Altman
So it's worth some real up front time to think through the long term value and the defensibility of the business.
Sam Altman
It really is true that you become an average of the people you spend the most time with.
Sam Altman
You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
Sam Altman
... fire fast when it's not working. It's better for the company, it's also better for the employee.
Sam Altman
You need to figure out what the 2 or 3 most important things are, and then just do those.
Sam Altman
The thing that kills startups at some level, is the founders giving up.
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.
Sam Altman
You cannot create a market that doesn't want to exist.
Sam Altman
In addition to relentlessly resourceful, you want a tough and a calm cofounder.
Sam Altman
The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
Sam Altman
Or a way to stay on strangers couches, that just sounds terrible all around.
Sam Altman
I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
Sam Altman
A board member of mine used to say sales fix everything in a startup, and that is really true.
Sam Altman
If you compromise in the first five, ten hires it might kill the company.
Sam Altman