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One thing that founders forget is that after they hire employees, they have to retain them.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Founders
Employee
Team
Forget
Thing
Retain
Employees
Hire
More quotes by Sam Altman
Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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The biggest PR hack you can do, is not hire a PR firm.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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Every company has a rocky beginning.
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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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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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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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The second part of how to hire: try not to.
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.
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The startups that do well are the ones that are working all the time.
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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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Unpopular but right is what you're going for.
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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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Founders need to figure out what the message of the company is going to be.
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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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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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Losing focus is another way that founders get off track.
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If it works out, you're going to be working on this for 10 years.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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