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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Reviews
Meeting
Meetings
Week
Every
Always
Metrics
Weekly
Review
More quotes by Sam Altman
Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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Obsess about the quality of the product.
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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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You need to figure out what the 2 or 3 most important things are, and then just do those.
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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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In general, it's best if you're building something that you yourself need.
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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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The startups that do well are the ones that are working all the time.
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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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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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Remember that the idea will expand, and become more ambitious as you go.
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Be suspicious of any work that is not building product or getting customers.
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If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
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Great execution towards a terrible idea will get you nowhere.
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Most founders have not managed people before, and they certainly haven't managed managers.
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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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