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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
Come
Great
Going
Join
Think
Works
Thinking
Team
Idea
Everyone
Ideas
More quotes by Sam Altman
You have to be decisive. Indecisiveness is a startup killer.
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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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A board member of mine used to say sales fix everything in a startup, and that is really true.
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You really want to know your cofounders for a while, ideally years.
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If you want something in a deal, just ask for it.
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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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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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One thing that founders always underestimate is how hard it is to recruit.
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The second part of how to hire: try not to.
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If you compromise and hire someone mediocre you will always regret it.
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You cannot create a market that doesn't want to exist.
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You can basically change everything in a startup but the market.
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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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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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Growth solves (nearly) all problems
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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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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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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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