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A single mediocre hire in the first five will often in fact kill a startup.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Often
Facts
Hire
Firsts
Mediocre
First
Kill
Single
Team
Five
Fact
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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The single word that matters most I think to keep the company productive as it grows is alignment.
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You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
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One thing that founders always underestimate is how hard it is to recruit.
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I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
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One thing that often disrupts momentum and really shouldn't is competitors.
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Most things are not as risky as they seem.
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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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Obsess about the quality of the product.
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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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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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One thing I tell startups all the time is that the best way to grow is to make their product better.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.
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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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