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Most things are not as risky as they seem.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Risky
Seem
Seems
Things
More quotes by Sam Altman
You need this sort of a tailwind to make a startup successful.
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You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
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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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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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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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Remember that the idea will expand, and become more ambitious as you go.
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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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If you want something in a deal, just ask for it.
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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.
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You don't get to make their decisions but you do get to choose the decision makers.
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In general though, if you look at the track record of pivots, they don't become big companies.
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Losing focus is another way that founders get off track.
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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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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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You really want to know your cofounders for a while, ideally years.
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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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Founders need to figure out what the message of the company is going to be.
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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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