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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Wells
Lifeblood
Well
Executing
Momentum
Secrets
Growth
Probably
Secret
Three
More quotes by Sam Altman
Obsess about the quality of the product.
Sam Altman
The single word that matters most I think to keep the company productive as it grows is alignment.
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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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You have to be decisive. Indecisiveness is a startup killer.
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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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You need unstoppable people. You want people that are just going to get it done.
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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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You need to figure out what the 2 or 3 most important things are, and then just do those.
Sam Altman
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.
Sam Altman
No matter what you choose, build stuff and be around smart people.
Sam Altman
Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
Sam Altman
... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
Sam Altman
Before product/market fit, your only job that matters is to build a great product.
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In the beginning of a company, there is no management and this actually works really well.
Sam Altman
Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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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.
Sam Altman