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For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Experience
Doesn
Matter
Much
Hires
Make
Aptitude
Early
Team
More quotes by Sam Altman
You really want to know your cofounders for a while, ideally years.
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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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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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As the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
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Or a way to stay on strangers couches, that just sounds terrible all around.
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You need to have a culture where people have very high quality standards in everything the company does, but still move quickly.
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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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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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Startups are very hard no matter what you do you may as well go after a big opportunity.
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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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The way to have a company that executes well is you have to execute well yourself.
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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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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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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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A board member of mine used to say sales fix everything in a startup, and that is really true.
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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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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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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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In the beginning of a company, there is no management and this actually works really well.
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