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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

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If you compromise and hire someone mediocre you will always regret it.
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One thing I tell startups all the time is that the best way to grow is to make their product better.
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If you want something in a deal, just ask for it.
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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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Founders need to figure out what the message of the company is going to be.
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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.
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You need unstoppable people. You want people that are just going to get it done.
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You cannot create a market that doesn't want to exist.
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At the beginning, you should only hire when you have a desperate need to.
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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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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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... for the top twenty most valuable YC companies, all of them have at least two founders.
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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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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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If you compromise in the first five, ten hires it might kill the company.
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You want to sound crazy, but you want to actually be right.
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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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The most important thing is that there is clear reporting structure and everyone knows what it is.
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Cofounder relationships are among the most important in the entire company.
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