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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
Secrets
Growth
Probably
Secret
Three
Wells
Lifeblood
Well
Executing
Momentum
More quotes by 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
You really want to know your cofounders for a while, ideally years.
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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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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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In the beginning of a company, there is no management and this actually works really well.
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You have to be decisive. Indecisiveness is a startup killer.
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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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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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So always keep momentum, it's this prime directive for managing a startup.
Sam Altman
Every company has a rocky beginning.
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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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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At the beginning, you should only hire when you have a desperate need to.
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When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
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A board member of mine used to say sales fix everything in a startup, and that is really true.
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You need to figure out what the 2 or 3 most important things are, and then just do those.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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Or a way to stay on strangers couches, that just sounds terrible all around.
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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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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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