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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
Choice
Balance
Sort
Choices
Reality
Best
Work
Life

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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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One thing that founders always underestimate is how hard it is to recruit.
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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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You want to sound crazy, but you want to actually be right.
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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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... you want to be proud of how much you can get done with a small numbers of employees.
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Cofounder relationships are among the most important in the entire company.
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The thing that kills startups at some level, is the founders giving up.
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If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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At the beginning, you should only hire when you have a desperate need to.
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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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Every company has a rocky beginning.
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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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In the beginning of a company, there is no management and this actually works really well.
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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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Great execution towards a terrible idea will get you nowhere.
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Founders need to figure out what the message of the company is going to be.
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In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.
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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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