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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
Make
Hires
Aptitude
Early
Team
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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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Be suspicious of any work that is not building product or getting customers.
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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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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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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 single word that matters most I think to keep the company productive as it grows is alignment.
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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
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One thing that founders forget is that after they hire employees, they have to retain them.
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Remember that the idea will expand, and become more ambitious as you go.
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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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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Ideas by themselves are not worth anything, only executing well is what creates value.
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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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If it works out, you're going to be working on this for 10 years.
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In the beginning of a company, there is no management and this actually works really well.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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Employees will only add more value over time.
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