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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Maybe
Enough
Right
Hard
Work
Things
Focussed
Nearly
More quotes by Sam Altman
Be suspicious of any work that is not building product or getting customers.
Sam Altman
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 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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You need unstoppable people. You want people that are just going to get it done.
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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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The single word that matters most I think to keep the company productive as it grows is alignment.
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In general, it's best if you're building something that you yourself need.
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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.
Sam Altman
AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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In general though, if you look at the track record of pivots, they don't become big companies.
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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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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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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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The track record for founders that don't already know each other is really bad.
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A single mediocre hire in the first five will often in fact kill a startup.
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