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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
Two
Founders
Twenty
Companies
Twenties
Valuable
Team
Least
Company
More quotes by Sam Altman
The track record for founders that don't already know each other is really bad.
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No matter what you choose, build stuff and be around smart people.
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When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
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Unpopular but right is what you're going for.
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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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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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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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You certainly don't need to have everything figured out in the path from here to world domination.
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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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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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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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You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
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As the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
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One thing that often disrupts momentum and really shouldn't is competitors.
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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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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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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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