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You think you have this great idea that everyone's going to come join, but that's not how it works.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Great
Going
Join
Think
Works
Thinking
Team
Idea
Everyone
Ideas
Come
More quotes by Sam Altman
... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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One thing I tell startups all the time is that the best way to grow is to make their product better.
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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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You cannot create a market that doesn't want to exist.
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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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If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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Or a way to stay on strangers couches, that just sounds terrible all around.
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Move fast. Speed is one of your main advantages over large companies.
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One thing that founders always underestimate is how hard it is to recruit.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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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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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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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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The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
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The single word that matters most I think to keep the company productive as it grows is alignment.
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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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