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Employees will only add more value over time.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Employees
Employee
Add
Value
Team
Values
Time
More quotes by Sam Altman
... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.
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
Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
Sam Altman
Losing focus is another way that founders get off track.
Sam Altman
One thing that often disrupts momentum and really shouldn't is competitors.
Sam Altman
... 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
One thing that founders always underestimate is how hard it is to recruit.
Sam Altman
Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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
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
If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
Sam Altman
Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.
Sam Altman
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
So it's worth some real up front time to think through the long term value and the defensibility of the business.
Sam Altman
Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
Sam Altman
Unfortunately the trick to great execution is to say no a lot.
Sam Altman
Every company has a rocky beginning.
Sam Altman
The track record for founders that don't already know each other is really bad.
Sam Altman
I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
Sam Altman
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
Sam Altman