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One thing that often disrupts momentum and really shouldn't is competitors.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Really
Disrupts
Momentum
Competitors
Shouldn
Often
Thing
More quotes by Sam Altman
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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Or a way to stay on strangers couches, that just sounds terrible all around.
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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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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Before product/market fit, your only job that matters is to build a great product.
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Founders need to figure out what the message of the company is going to be.
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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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When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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Remember that the idea will expand, and become more ambitious as you go.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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If you compromise in the first five, ten hires it might kill the company.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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No matter what you choose, build stuff and be around smart people.
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You don't get to make their decisions but you do get to choose the decision makers.
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You have to be decisive. Indecisiveness is a startup killer.
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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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You really want to know your cofounders for a while, ideally years.
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Most founders have not managed people before, and they certainly haven't managed managers.
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