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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
Already
Team
Really
Founders
Track
Record
Records
More quotes by 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
Another way of looking at this, is that the best companies are almost always mission oriented.
Sam Altman
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.
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
The thing that kills startups at some level, is the founders giving up.
Sam Altman
Employees will only add more value over time.
Sam Altman
Great execution towards a terrible idea will get you nowhere.
Sam Altman
When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
Sam Altman
You need conviction in your own beliefs, and the willingness to ignore others naysaying.
Sam Altman
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.
Sam Altman
Obsess about the quality of the product.
Sam Altman
Unpopular but right is what you're going for.
Sam Altman
... for the top twenty most valuable YC companies, all of them have at least two founders.
Sam Altman
Ideas by themselves are not worth anything, only executing well is what creates value.
Sam Altman
Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
Sam Altman
... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
Sam Altman
If you compromise in the first five, ten hires it might kill the company.
Sam Altman
We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
Sam Altman
The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
Sam Altman
You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
Sam Altman