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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
Everyone
Enough
Breakdown
Different
Loose
Things
Slightly
Communication
Focus
Small
Working
More quotes by Sam Altman
Remember that the idea will expand, and become more ambitious as you go.
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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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You cannot create a market that doesn't want to exist.
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You need to have a culture where people have very high quality standards in everything the company does, but still move quickly.
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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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... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
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One thing that often disrupts momentum and really shouldn't is competitors.
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If it takes more than a sentence to explain what you are doing, it's almost always a sign that what you are doing is too complicated.
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The second part of how to hire: try not to.
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Most of the best hires that I've made in my entire life have never done that thing before.
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So always keep momentum, it's this prime directive for managing a startup.
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Cofounder relationships are among the most important in the entire company.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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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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The track record for founders that don't already know each other is really bad.
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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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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 think you have this great idea that everyone's going to come join, but that's not how it works.
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Or a way to stay on strangers couches, that just sounds terrible all around.
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