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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Else
Everything
Come
Things
Fires
Everyday
Fire
More quotes by Sam Altman
In the beginning of a company, there is no management and this actually works really well.
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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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The company just needs to see you as like this maniacal execution machine.
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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Every company has a rocky beginning.
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A single mediocre hire in the first five will often in fact kill a startup.
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At the beginning, you should only hire when you have a desperate need to.
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Employees will only add more value over time.
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... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.
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In general, it's best if you're building something that you yourself need.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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Unfortunately the trick to great execution is to say no a lot.
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Remember that the idea will expand, and become more ambitious as you go.
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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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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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No matter what you choose, build stuff and be around smart people.
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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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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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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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