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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
Team
Five
Fact
Often
Facts
Hire
Firsts
Mediocre
First
Kill
Single
More quotes by Sam Altman
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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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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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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The way to have a company that executes well is you have to execute well yourself.
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You want to sound crazy, but you want to actually be right.
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Unfortunately the trick to great execution is to say no a lot.
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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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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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The company just needs to see you as like this maniacal execution machine.
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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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The most important thing is that there is clear reporting structure and everyone knows what it is.
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Every company has a rocky beginning.
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The track record for founders that don't already know each other is really bad.
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If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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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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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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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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You have to be decisive. Indecisiveness is a startup killer.
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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