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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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You should be able to describe any employee as an animal at what they do.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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You need to figure out what the 2 or 3 most important things are, and then just do those.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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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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If it works out, you're going to be working on this for 10 years.
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Losing focus is another way that founders get off track.
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The best people know that they should join a rocketship.
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Be suspicious of any work that is not building product or getting customers.
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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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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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