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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
Work
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More quotes by Sam Altman
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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In YC's case, the number one cause of early death for startups is cofounder blowups.
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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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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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As the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
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Unfortunately the trick to great execution is to say no a lot.
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The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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Employees will only add more value over time.
Sam Altman
So you should always stay on top of people's vesting schedules.
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Move fast. Speed is one of your main advantages over large companies.
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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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You think you have this great idea that everyone's going to come join, but that's not how it works.
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The biggest PR hack you can do, is not hire a PR firm.
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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Losing focus is another way that founders get off track.
Sam Altman
Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
Sam Altman
The company just needs to see you as like this maniacal execution machine.
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Most founders have not managed people before, and they certainly haven't managed managers.
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