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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
Competitors
Shouldn
Often
Thing
Really
Disrupts
Momentum
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One thing that founders always underestimate is how hard it is to recruit.
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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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One of the great and terrible things about starting a start up is that you get no credit for trying.
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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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Ideas by themselves are not worth anything, only executing well is what creates value.
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A single mediocre hire in the first five will often in fact kill a startup.
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You need unstoppable people. You want people that are just going to get it done.
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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Before product/market fit, your only job that matters is to build a great product.
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If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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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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So you should always stay on top of people's vesting schedules.
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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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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For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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Every company has a rocky beginning.
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One thing that founders forget is that after they hire employees, they have to retain them.
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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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