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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Firsts
Interviewing
First
Hired
Years
Employee
People
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Team
Year
Someone
More quotes by Sam Altman
To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
Sam Altman
The cost of getting an early hire wrong is really high.
Sam Altman
Startups are very hard no matter what you do you may as well go after a big opportunity.
Sam Altman
When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
Sam Altman
For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
Sam Altman
In the beginning of a company, there is no management and this actually works really well.
Sam Altman
Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
Sam Altman
These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
Sam Altman
Most of the best hires that I've made in my entire life have never done that thing before.
Sam Altman
Founders need to figure out what the message of the company is going to be.
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.
Sam Altman
Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
Sam Altman
You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
Sam Altman
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
The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
Sam Altman
1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
Sam Altman
Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
Sam Altman
Employees will only add more value over time.
Sam Altman
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.
Sam Altman
Ideas by themselves are not worth anything, only executing well is what creates value.
Sam Altman