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You need to figure out what the 2 or 3 most important things are, and then just do those.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
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More quotes by Sam Altman
So it's worth some real up front time to think through the long term value and the defensibility of the business.
Sam Altman
You have to be decisive. Indecisiveness is a startup killer.
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For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
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If it takes more than a sentence to explain what you are doing, it's almost always a sign that what you are doing is too complicated.
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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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At the beginning, you should only hire when you have a desperate need to.
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Every company has a rocky beginning.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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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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... fire fast when it's not working. It's better for the company, it's also better for the employee.
Sam Altman
Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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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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One thing that founders always underestimate is how hard it is to recruit.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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The track record for founders that don't already know each other is really bad.
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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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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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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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