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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Excited
Mistake
Company
Common
Things
Distracted
Companies
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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The track record for founders that don't already know each other is really bad.
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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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You also want to fire people who a) create office politics, and b) who are persistently negative.
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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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... for the top twenty most valuable YC companies, all of them have at least two founders.
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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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Unpopular but right is what you're going for.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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No growth hack, brilliant marketing idea, or sales team can save you long term if you don't have a sufficiently good product.
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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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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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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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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
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