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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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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More quotes by Sam Altman
Founders need to figure out what the message of the company is going to be.
Sam Altman
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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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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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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One thing that founders forget is that after they hire employees, they have to retain them.
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You can basically change everything in a startup but the market.
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The cost of getting an early hire wrong is really high.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
Sam Altman
... fire fast when it's not working. It's better for the company, it's also better for the employee.
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In general though, if you look at the track record of pivots, they don't become big companies.
Sam Altman
You need to figure out what the 2 or 3 most important things are, and then just do those.
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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
Sam Altman
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 company just needs to see you as like this maniacal execution machine.
Sam Altman
Another way of looking at this, is that the best companies are almost always mission oriented.
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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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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
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Most founders have not managed people before, and they certainly haven't managed managers.
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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
Sam Altman