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Unfortunately the trick to great execution is to say no a lot.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Unfortunately
Tricks
Great
Execution
Trick
More quotes by Sam Altman
Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
Sam Altman
The way to have a company that executes well is you have to execute well yourself.
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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The second part of how to hire: try not to.
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Before product/market fit, your only job that matters is to build a great product.
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As the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
Sam Altman
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
Sam Altman
The company just needs to see you as like this maniacal execution machine.
Sam Altman
Most of the best hires that I've made in my entire life have never done that thing before.
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
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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Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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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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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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A single mediocre hire in the first five will often in fact kill a startup.
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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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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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The best people know that they should join a rocketship.
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