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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.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Believe
Reduce
Investors
Employee
Possibly
Generous
Amount
Team
Equity
Fighting
Employees

More quotes by Sam Altman

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If you compromise and hire someone mediocre you will always regret it.
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Remember that the idea will expand, and become more ambitious as you go.
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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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The company just needs to see you as like this maniacal execution machine.
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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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In the beginning of a company, there is no management and this actually works really well.
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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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The thing that kills startups at some level, is the founders giving up.
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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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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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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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One thing I tell startups all the time is that the best way to grow is to make their product better.
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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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You need unstoppable people. You want people that are just going to get it done.
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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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The cost of getting an early hire wrong is really high.
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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
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