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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Focus
Small
Working
Everyone
Enough
Breakdown
Different
Loose
Things
Slightly
Communication

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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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Be suspicious of any work that is not building product or getting customers.
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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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Remember that the idea will expand, and become more ambitious as you go.
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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.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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You need unstoppable people. You want people that are just going to get it done.
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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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The startups that do well are the ones that are working all the time.
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In general, it's best if you're building something that you yourself need.
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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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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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The way to have a company that executes well is you have to execute well yourself.
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Growth solves (nearly) all problems
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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.
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Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
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If you compromise and hire someone mediocre you will always regret it.
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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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The second part of how to hire: try not to.
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