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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
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Execution
Focus
Besides
Work
Fairly
Intensity
Intense
Piece
More quotes by Sam Altman
So it's worth some real up front time to think through the long term value and the defensibility of the business.
Sam Altman
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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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
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A single mediocre hire in the first five will often in fact kill a startup.
Sam Altman
We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
Sam Altman
You need conviction in your own beliefs, and the willingness to ignore others naysaying.
Sam Altman
Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
Sam Altman
One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
Sam Altman
Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
Sam Altman
So always keep momentum, it's this prime directive for managing a startup.
Sam Altman
Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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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 track record for founders that don't already know each other is really bad.
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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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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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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
Sam Altman