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The way to have a company that executes well is you have to execute well yourself.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Way
Executes
Execute
Company
Wells
Well
More quotes by Sam Altman
You have to be decisive. Indecisiveness is a startup killer.
Sam Altman
You also want to fire people who a) create office politics, and b) who are persistently negative.
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If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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If you compromise and hire someone mediocre you will always regret it.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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.
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... fire fast when it's not working. It's better for the company, it's also better for the employee.
Sam Altman
So you should always stay on top of people's vesting schedules.
Sam Altman
As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
Sam Altman
A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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Or a way to stay on strangers couches, that just sounds terrible all around.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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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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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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