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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
Recruit
Great
Options
Years
Easily
People
Team
Year
Someone
More quotes by Sam Altman
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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Remember that the idea will expand, and become more ambitious as you go.
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If you want something in a deal, just ask for it.
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You cannot create a market that doesn't want to exist.
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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 want to be proud of how much you can get done with a small numbers of employees.
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In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.
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If you compromise in the first five, ten hires it might kill the company.
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When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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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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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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Or a way to stay on strangers couches, that just sounds terrible all around.
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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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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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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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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Unfortunately the trick to great execution is to say no a lot.
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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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