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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Software
Ships
Translates
Growing
Hardware
Keep
Slip
Slips
Translate
Ship
Date
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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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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... for the top twenty most valuable YC companies, all of them have at least two founders.
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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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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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It really is true that you become an average of the people you spend the most time with.
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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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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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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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A board member of mine used to say sales fix everything in a startup, and that is really true.
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Cofounder relationships are among the most important in the entire company.
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Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
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The second part of how to hire: try not to.
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One thing I tell startups all the time is that the best way to grow is to make their product better.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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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 natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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Or a way to stay on strangers couches, that just sounds terrible all around.
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Growth solves (nearly) all problems
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... you want to be proud of how much you can get done with a small numbers of employees.
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