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A board member of mine used to say sales fix everything in a startup, and that is really true.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Mine
Members
True
Used
Sales
Everything
Board
Really
Boards
Member
Mines
More quotes by Sam Altman
In addition to relentlessly resourceful, you want a tough and a calm cofounder.
Sam Altman
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 think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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Most of the best hires that I've made in my entire life have never done that thing before.
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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
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A single mediocre hire in the first five will often in fact kill a startup.
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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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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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The most important thing is that there is clear reporting structure and everyone knows what it is.
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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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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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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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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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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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Startups are very hard no matter what you do you may as well go after a big opportunity.
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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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