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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Great
Recruit
Years
Options
People
Easily
Team
Year
Someone
Best
Take
More quotes by Sam Altman
The track record for founders that don't already know each other is really bad.
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You need unstoppable people. You want people that are just going to get it done.
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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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Before product/market fit, your only job that matters is to build a great product.
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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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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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It really is true that you become an average of the people you spend the most time with.
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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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The single word that matters most I think to keep the company productive as it grows is alignment.
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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 should be able to describe any employee as an animal at what they do.
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If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
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For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
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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.
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At the beginning, you should only hire when you have a desperate need to.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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.
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... 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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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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