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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
Compromise
Regret
Team
Someone
Always
Hire
Mediocre
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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.
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Unpopular but right is what you're going for.
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Move fast. Speed is one of your main advantages over large companies.
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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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The way to have a company that executes well is you have to execute well yourself.
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Growth solves (nearly) all problems
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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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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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Great execution towards a terrible idea will get you nowhere.
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Before product/market fit, your only job that matters is to build a great product.
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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 don't get to make their decisions but you do get to choose the decision makers.
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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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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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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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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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If it works out, you're going to be working on this for 10 years.
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Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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You really want to know your cofounders for a while, ideally years.
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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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