Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
Sam Altman
Share
Change background
T
T
T
Change font
Original
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
What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
Sam Altman
Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
Sam Altman
... fire fast when it's not working. It's better for the company, it's also better for the employee.
Sam Altman
The biggest PR hack you can do, is not hire a PR firm.
Sam Altman
Every company has a rocky beginning.
Sam Altman
Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
Sam Altman
If it works out, you're going to be working on this for 10 years.
Sam Altman
If you compromise in the first five, ten hires it might kill the company.
Sam Altman
So you should always stay on top of people's vesting schedules.
Sam Altman
Most founders have not managed people before, and they certainly haven't managed managers.
Sam Altman
... for the top twenty most valuable YC companies, all of them have at least two founders.
Sam Altman
Or a way to stay on strangers couches, that just sounds terrible all around.
Sam Altman
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.
Sam Altman
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
One thing that often disrupts momentum and really shouldn't is competitors.
Sam Altman
When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
Sam Altman
You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
Sam Altman
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
Obsess about the quality of the product.
Sam Altman
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.
Sam Altman