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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
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Advantage
Start
Operating
Advantages
Relentless
Execution
Rhythm
Speed
Biggest
More quotes by Sam Altman
Remember that the idea will expand, and become more ambitious as you go.
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.
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No growth hack, brilliant marketing idea, or sales team can save you long term if you don't have a sufficiently good product.
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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
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The track record for founders that don't already know each other is really bad.
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The biggest PR hack you can do, is not hire a PR firm.
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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.
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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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You want to sound crazy, but you want to actually be right.
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In general, it's best if you're building something that you yourself need.
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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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Founders need to figure out what the message of the company is going to be.
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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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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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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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