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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
Best
Take
Great
Recruit
Years
Options
People
Easily
Team
Year
Someone
More quotes by Sam Altman
The thing that kills startups at some level, is the founders giving up.
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In the beginning of a company, there is no management and this actually works really well.
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... fire fast when it's not working. It's better for the company, it's also better for the employee.
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At the beginning, you should only hire when you have a desperate need to.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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Move fast. Speed is one of your main advantages over large companies.
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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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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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Most founders have not managed people before, and they certainly haven't managed managers.
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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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When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
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You need to figure out what the 2 or 3 most important things are, and then just do those.
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I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
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If it works out, you're going to be working on this for 10 years.
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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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No growth hack, brilliant marketing idea, or sales team can save you long term if you don't have a sufficiently good product.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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The cost of getting an early hire wrong is really high.
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