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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Whatever
Care
Founder
Whole
Founders
Going
Cares
Think
Goals
Thinking
Keys
Company
Goal
More quotes by Sam Altman
... 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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No matter what you choose, build stuff and be around smart people.
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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.
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One thing that founders always underestimate is how hard it is to recruit.
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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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If you want something in a deal, just ask for it.
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Losing focus is another way that founders get off track.
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You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
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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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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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You also want to fire people who a) create office politics, and b) who are persistently negative.
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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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In YC's case, the number one cause of early death for startups is cofounder blowups.
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The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.
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Employees will only add more value over time.
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Startups are very hard no matter what you do you may as well go after a big opportunity.
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One thing that founders forget is that after they hire employees, they have to retain them.
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If it works out, you're going to be working on this for 10 years.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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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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