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Cofounder relationships are among the most important in the entire company.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Important
Relationships
Entire
Among
Team
Company
More quotes by Sam Altman
... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
Sam Altman
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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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Most founders have not managed people before, and they certainly haven't managed managers.
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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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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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In general though, if you look at the track record of pivots, they don't become big companies.
Sam Altman
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.
Sam Altman
It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
Sam Altman
For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
Sam Altman
To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
Sam Altman
... fire fast when it's not working. It's better for the company, it's also better for the employee.
Sam Altman
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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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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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
Sam Altman
Employees will only add more value over time.
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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Founders need to figure out what the message of the company is going to be.
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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
Sam Altman
Or a way to stay on strangers couches, that just sounds terrible all around.
Sam Altman