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
Every company has a rocky beginning.
Sam Altman
Image
Press releases are easier to write than code, and that is still easier than making a great product.
Sam Altman
Image
A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
Sam Altman
Image
You certainly don't need to have everything figured out in the path from here to world domination.
Sam Altman
Image
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
Sam Altman
Image
... 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.
Sam Altman
Image
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.
Sam Altman
Image
Employees will only add more value over time.
Sam Altman
Image
In the beginning of a company, there is no management and this actually works really well.
Sam Altman
Image
A single mediocre hire in the first five will often in fact kill a startup.
Sam Altman
Image
No growth hack, brilliant marketing idea, or sales team can save you long term if you don't have a sufficiently good product.
Sam Altman
Image
Cofounder relationships are among the most important in the entire company.
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 good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
Sam Altman
Image
Unpopular but right is what you're going for.
Sam Altman
Image
... for the top twenty most valuable YC companies, all of them have at least two founders.
Sam Altman
Image
For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
Sam Altman
Image
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.
Sam Altman
Image
Before product/market fit, your only job that matters is to build a great product.
Sam Altman
Image
The way to have a company that executes well is you have to execute well yourself.
Sam Altman