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One of the great and terrible things about starting a start up is that you get no credit for trying.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Start
Great
Trying
Things
Credit
Starting
Terrible
More quotes by Sam Altman
One thing that founders always underestimate is how hard it is to recruit.
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The thing that kills startups at some level, is the founders giving up.
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One thing I tell startups all the time is that the best way to grow is to make their product better.
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If you compromise and hire someone mediocre you will always regret it.
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You need unstoppable people. You want people that are just going to get it done.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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One thing that often disrupts momentum and really shouldn't is competitors.
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A board member of mine used to say sales fix everything in a startup, and that is really true.
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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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Unpopular but right is what you're going for.
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So you should always stay on top of people's vesting schedules.
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You think you have this great idea that everyone's going to come join, but that's not how it works.
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If it works out, you're going to be working on this for 10 years.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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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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Press releases are easier to write than code, and that is still easier than making a great product.
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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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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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The single word that matters most I think to keep the company productive as it grows is alignment.
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