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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Team
Days
Company
Hire
Goal
Scale
Learn
Scales
Fast
Later
Early
More quotes by Sam Altman
... 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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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
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... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
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No matter what you choose, build stuff and be around smart people.
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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.
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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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The biggest PR hack you can do, is not hire a PR firm.
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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 cannot create a market that doesn't want to exist.
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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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You certainly don't need to have everything figured out in the path from here to world domination.
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Great execution towards a terrible idea will get you nowhere.
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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You should be able to describe any employee as an animal at what they do.
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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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