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The track record for founders that don't already know each other is really bad.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Record
Records
Already
Team
Really
Founders
Track
More quotes by Sam Altman
You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
Sam Altman
You certainly don't need to have everything figured out in the path from here to world domination.
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If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
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Losing focus is another way that founders get off track.
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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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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'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 biggest PR hack you can do, is not hire a PR firm.
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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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You need to figure out what the 2 or 3 most important things are, and then just do those.
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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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If it works out, you're going to be working on this for 10 years.
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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 cannot create a market that doesn't want to exist.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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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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You have to be decisive. Indecisiveness is a startup killer.
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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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