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The cost of getting an early hire wrong is really high.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Really
Hire
Early
Cost
Team
High
Getting
Wrong
More quotes by Sam Altman
AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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If you want something in a deal, just ask for it.
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The startups that do well are the ones that are working all the time.
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So you should always stay on top of people's vesting schedules.
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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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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You can basically change everything in a startup but the market.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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Unfortunately the trick to great execution is to say no a lot.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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The biggest PR hack you can do, is not hire a PR firm.
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You want to sound crazy, but you want to actually be right.
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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
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You don't get to make their decisions but you do get to choose the decision makers.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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Press releases are easier to write than code, and that is still easier than making a great product.
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One thing that often disrupts momentum and really shouldn't is competitors.
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The best people know that they should join a rocketship.
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