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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
Momentum
Competitors
Shouldn
Often
Thing
Really
Disrupts
More quotes by Sam Altman
A board member of mine used to say sales fix everything in a startup, and that is really true.
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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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... 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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Growth solves (nearly) all problems
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The second part of how to hire: try not to.
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No matter what you choose, build stuff and be around smart people.
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The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.
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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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Founders need to figure out what the message of the company is going to be.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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One thing that founders always underestimate is how hard it is to recruit.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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Be suspicious of any work that is not building product or getting customers.
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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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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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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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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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If you want something in a deal, just ask for it.
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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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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
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