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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
Team
Equity
Fighting
Employees
Believe
Reduce
Investors
Employee
Possibly
Generous
Amount

More quotes by Sam Altman

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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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Before product/market fit, your only job that matters is to build a great product.
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One thing that founders forget is that after they hire employees, they have to retain them.
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If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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... 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.
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... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
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The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
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You have to be decisive. Indecisiveness is a startup killer.
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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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In the beginning of a company, there is no management and this actually works really well.
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When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
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... 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.
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Remember that the idea will expand, and become more ambitious as you go.
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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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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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Losing focus is another way that founders get off track.
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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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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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Press releases are easier to write than code, and that is still easier than making a great product.
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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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