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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Important
Things
Founder
Founders
Competing
Hardest
Parts
Attention
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The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
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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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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
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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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The most important thing is that there is clear reporting structure and everyone knows what it is.
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The cost of getting an early hire wrong is really high.
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Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
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