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... how much time you should be spending on hiring? The answer is 0 or 25 percent.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Answer
Percent
Answers
Team
Much
Time
Hiring
Spending

More quotes by Sam Altman

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The most important thing is that there is clear reporting structure and everyone knows what it is.
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You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
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Most of the best hires that I've made in my entire life have never done that thing before.
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You need this sort of a tailwind to make a startup successful.
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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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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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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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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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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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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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You really want to know your cofounders for a while, ideally years.
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You have to be decisive. Indecisiveness is a startup killer.
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Great execution towards a terrible idea will get you nowhere.
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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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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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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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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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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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Move fast. Speed is one of your main advantages over large companies.
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Employees will only add more value over time.
Sam Altman