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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
Hiring
Spending
Answer
Percent
Answers
Team
Much
Time

More quotes by Sam Altman

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If it takes more than a sentence to explain what you are doing, it's almost always a sign that what you are doing is too complicated.
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Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
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Move fast. Speed is one of your main advantages over large companies.
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Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
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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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One thing that founders forget is that after they hire employees, they have to retain them.
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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each 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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Most of the best hires that I've made in my entire life have never done that thing before.
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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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You don't get to make their decisions but you do get to choose the decision makers.
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Unfortunately the trick to great execution is to say no a lot.
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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're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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You can basically change everything in a startup but the market.
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