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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Time
Grand
Spend
Plans
Quite
Decision
Talking
Make
Founders
Never
Mediocre
More quotes by Sam Altman
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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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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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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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At the beginning, you should only hire when you have a desperate need to.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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In general though, if you look at the track record of pivots, they don't become big companies.
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One thing that founders always underestimate is how hard it is to recruit.
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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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The company just needs to see you as like this maniacal execution machine.
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Remember that the idea will expand, and become more ambitious as you go.
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One thing that often disrupts momentum and really shouldn't is competitors.
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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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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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If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
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Most things are not as risky as they seem.
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You want to sound crazy, but you want to actually be right.
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You should be able to describe any employee as an animal at what they do.
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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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