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You have to be decisive. Indecisiveness is a startup killer.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Indecisiveness
Decisive
Killer
Killers
More quotes by Sam Altman
... 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 can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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Press releases are easier to write than code, and that is still easier than making a great product.
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Cofounder relationships are among the most important in the entire company.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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One thing that often disrupts momentum and really shouldn't is competitors.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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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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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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I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
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The biggest PR hack you can do, is not hire a PR firm.
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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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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.
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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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In YC's case, the number one cause of early death for startups is cofounder blowups.
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One thing that founders forget is that after they hire employees, they have to retain them.
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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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The startups that do well are the ones that are working all the time.
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