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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
Decisive
Killer
Killers
Indecisiveness
More quotes by Sam Altman
... you want to be proud of how much you can get done with a small numbers of employees.
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In the beginning of a company, there is no management and this actually works really well.
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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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... fire fast when it's not working. It's better for the company, it's also better for the employee.
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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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One thing that founders forget is that after they hire employees, they have to retain them.
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Startups are very hard no matter what you do you may as well go after a big opportunity.
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You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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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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... 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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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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Most founders have not managed people before, and they certainly haven't managed managers.
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Or a way to stay on strangers couches, that just sounds terrible all around.
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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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If it takes more than a sentence to explain what you are doing, it's almost always a sign that what you are doing is too complicated.
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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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It really is true that you become an average of the people you spend the most time with.
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Be suspicious of any work that is not building product or getting customers.
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