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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
Probably
Secret
Three
Lifeblood
Wells
Executing
Well
Momentum
Secrets
Growth
More quotes by Sam Altman
Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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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 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 startups that do well are the ones that are working all the time.
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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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You want to sound crazy, but you want to actually be right.
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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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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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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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If you compromise in the first five, ten hires it might kill the company.
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As the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
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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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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.
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For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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The best people know that they should join a rocketship.
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The single word that matters most I think to keep the company productive as it grows is alignment.
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