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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
People
Easily
Team
Year
Someone
Best
Take
Great
Recruit
Years
Options

More quotes by Sam Altman

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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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The thing that kills startups at some level, is the founders giving up.
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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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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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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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The best people know that they should join a rocketship.
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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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At the beginning, you should only hire when you have a desperate need to.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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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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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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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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... 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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You need unstoppable people. You want people that are just going to get it done.
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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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You need to figure out what the 2 or 3 most important things are, and then just do those.
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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
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The way to have a company that executes well is you have to execute well yourself.
Sam Altman