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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
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More quotes by 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.
Sam Altman
... for the top twenty most valuable YC companies, all of them have at least two founders.
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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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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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Growth solves (nearly) all problems
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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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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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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Before product/market fit, your only job that matters is to build a great product.
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Move fast. Speed is one of your main advantages over large companies.
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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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So always keep momentum, it's this prime directive for managing a startup.
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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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One thing I tell startups all the time is that the best way to grow is to make their product better.
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You need unstoppable people. You want people that are just going to get it done.
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You certainly don't need to have everything figured out in the path from here to world domination.
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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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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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One thing that often disrupts momentum and really shouldn't is competitors.
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