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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
Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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The second part of how to hire: try not to.
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Startups are very hard no matter what you do you may as well go after a big opportunity.
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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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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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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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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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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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You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
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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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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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Most things are not as risky as they seem.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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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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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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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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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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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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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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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