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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Founders
Execution
Means
Mean
Long
Outsource
Years
Founder
Signing
Grind
More quotes by Sam Altman
One thing I tell startups all the time is that the best way to grow is to make their product better.
Sam Altman
Unfortunately the trick to great execution is to say no a lot.
Sam Altman
One thing that founders forget is that after they hire employees, they have to retain them.
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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
Sam Altman
... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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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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In the beginning of a company, there is no management and this actually works really well.
Sam Altman
So always keep momentum, it's this prime directive for managing a startup.
Sam Altman
At the beginning, you should only hire when you have a desperate need to.
Sam Altman
Great execution towards a terrible idea will get you nowhere.
Sam Altman
You have to be decisive. Indecisiveness is a startup killer.
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Be suspicious of any work that is not building product or getting customers.
Sam Altman
A board member of mine used to say sales fix everything in a startup, and that is really true.
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The biggest PR hack you can do, is not hire a PR firm.
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Every company has a rocky beginning.
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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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Ideas by themselves are not worth anything, only executing well is what creates value.
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Move fast. Speed is one of your main advantages over large companies.
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You cannot create a market that doesn't want to exist.
Sam Altman