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Press releases are easier to write than code, and that is still easier than making a great product.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Great
Press
Writing
Product
Products
Easier
Making
Releases
Write
Code
Stills
Presses
Still
Release
More quotes by Sam Altman
One thing that founders always underestimate is how hard it is to recruit.
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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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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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One thing that founders forget is that after they hire employees, they have to retain them.
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No matter what you choose, build stuff and be around smart people.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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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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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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So always keep momentum, it's this prime directive for managing a startup.
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One thing that often disrupts momentum and really shouldn't is competitors.
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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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The startups that do well are the ones that are working all the time.
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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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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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The cost of getting an early hire wrong is really high.
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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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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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Obsess about the quality of the product.
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Most founders have not managed people before, and they certainly haven't managed managers.
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