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If you compromise and hire someone mediocre you will always regret it.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Hire
Mediocre
Compromise
Regret
Team
Someone
Always

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Employees will only add more value over time.
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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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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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One thing that founders always underestimate is how hard it is to recruit.
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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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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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You want to sound crazy, but you want to actually be right.
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You think you have this great idea that everyone's going to come join, but that's not how it works.
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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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Ideas by themselves are not worth anything, only executing well is what creates value.
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One thing that often disrupts momentum and really shouldn't is competitors.
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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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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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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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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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You cannot create a market that doesn't want to exist.
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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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