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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
Forget
Thing
Retain
Employees
Hire
Founders
Employee
Team

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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.
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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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Most things are not as risky as they seem.
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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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If you compromise and hire someone mediocre you will always regret it.
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Unpopular but right is what you're going for.
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Unfortunately the trick to great execution is to say no a lot.
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In general though, if you look at the track record of pivots, they don't become big companies.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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You cannot create a market that doesn't want to exist.
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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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Every company has a rocky beginning.
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Most founders have not managed people before, and they certainly haven't managed managers.
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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.
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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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You need unstoppable people. You want people that are just going to get it done.
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Losing focus is another way that founders get off track.
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