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Startups are very hard no matter what you do you may as well go after a big opportunity.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Opportunity
Bigs
May
Wells
Well
Matter
Hard
More quotes by Sam Altman
... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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
Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
Sam Altman
The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
Sam Altman
The most important thing is that there is clear reporting structure and everyone knows what it is.
Sam Altman
In general though, if you look at the track record of pivots, they don't become big companies.
Sam Altman
Growth solves (nearly) all problems
Sam Altman
Most of the best hires that I've made in my entire life have never done that thing before.
Sam Altman
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.
Sam Altman
Press releases are easier to write than code, and that is still easier than making a great product.
Sam Altman
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.
Sam Altman
Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
Sam Altman
Remember that the idea will expand, and become more ambitious as you go.
Sam Altman
So you should always stay on top of people's vesting schedules.
Sam Altman
Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
Sam Altman
What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
Sam Altman
In YC's case, the number one cause of early death for startups is cofounder blowups.
Sam Altman
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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Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.
Sam Altman
Employees will only add more value over time.
Sam Altman