Quote

I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.

Sam Altman

Change background

T
T
T

Change font

TAGS & TOPICS

Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Company
Give
Firsts
Estimate
First
Employees
Giving
Employee
Think
Rough
Thinking
Aim
Team

More quotes by Sam Altman

Image
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.
Sam Altman
Image
Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
Sam Altman
Image
Founders need to figure out what the message of the company is going to be.
Sam Altman
Image
Growth solves (nearly) all problems
Sam Altman
Image
Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
Sam Altman
Image
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.
Sam Altman
Image
Remember that the idea will expand, and become more ambitious as you go.
Sam Altman
Image
Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
Sam Altman
Image
Most founders have not managed people before, and they certainly haven't managed managers.
Sam Altman
Image
Why now, why is this the perfect time for this particular idea, and to start this particular company?
Sam Altman
Image
One thing I tell startups all the time is that the best way to grow is to make their product better.
Sam Altman
Image
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.
Sam Altman
Image
Startups are very hard no matter what you do you may as well go after a big opportunity.
Sam Altman
Image
The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
Sam Altman
Image
One thing that founders forget is that after they hire employees, they have to retain them.
Sam Altman
Image
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.
Sam Altman
Image
Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
Sam Altman
Image
A single mediocre hire in the first five will often in fact kill a startup.
Sam Altman
Image
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
Image
It really is true that you become an average of the people you spend the most time with.
Sam Altman