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... for the top twenty most valuable YC companies, all of them have at least two founders.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Company
Two
Founders
Twenty
Companies
Twenties
Valuable
Team
Least
More quotes by Sam Altman
The startups that do well are the ones that are working all the time.
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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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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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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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You cannot create a market that doesn't want to exist.
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If you want something in a deal, just ask for it.
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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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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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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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No matter what you choose, build stuff and be around smart people.
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Employees will only add more value over time.
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Most of the best hires that I've made in my entire life have never done that thing before.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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You think you have this great idea that everyone's going to come join, but that's not how it works.
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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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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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You need to figure out what the 2 or 3 most important things are, and then just do those.
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You want to sound crazy, but you want to actually be right.
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A board member of mine used to say sales fix everything in a startup, and that is really true.
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