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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Trick
Tricks
Obsessed
Fast
Move
Quality
Moving
Easy
More quotes by Sam Altman
So always keep momentum, it's this prime directive for managing a startup.
Sam Altman
One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
Sam Altman
Most of the best hires that I've made in my entire life have never done that thing before.
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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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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The cost of getting an early hire wrong is really high.
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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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Developing a personal connection with anyone you're trying to do a big deal with is really important.
Sam Altman
Remember that the idea will expand, and become more ambitious as you go.
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You need unstoppable people. You want people that are just going to get it done.
Sam Altman
The track record for founders that don't already know each other is really bad.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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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 don't get to make their decisions but you do get to choose the decision makers.
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The company just needs to see you as like this maniacal execution machine.
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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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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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You can basically change everything in a startup but the market.
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... fire fast when it's not working. It's better for the company, it's also better for the employee.
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You want to sound crazy, but you want to actually be right.
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