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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

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Founders need to figure out what the message of the company is going to be.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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If it works out, you're going to be working on this for 10 years.
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You need to have a culture where people have very high quality standards in everything the company does, but still move quickly.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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You can basically change everything in a startup but the market.
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Remember that the idea will expand, and become more ambitious as you go.
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The way to have a company that executes well is you have to execute well yourself.
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You should be able to describe any employee as an animal at what they do.
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In general, it's best if you're building something that you yourself need.
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Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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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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I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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The best people know that they should join a rocketship.
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The startups that do well are the ones that are working all the time.
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One thing that founders forget is that after they hire employees, they have to retain them.
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