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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Employee
Generous
Totally
Stingy
Usually
Equity
Team
Employees
Think
Founders
Thinking
Backwards
Investors
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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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If you compromise in the first five, ten hires it might kill the company.
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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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Most things are not as risky as they seem.
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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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The way to have a company that executes well is you have to execute well yourself.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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A single mediocre hire in the first five will often in fact kill a startup.
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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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At the beginning, you should only hire when you have a desperate need to.
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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.
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When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
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In general, it's best if you're building something that you yourself need.
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Press releases are easier to write than code, and that is still easier than making a great product.
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