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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Good
Credit
Team
Responsibility
Stuff
Happens
Take

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The startups that do well are the ones that are working all the time.
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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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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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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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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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One thing that founders always underestimate is how hard it is to recruit.
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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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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
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Remember that the idea will expand, and become more ambitious as you go.
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Growth solves (nearly) all problems
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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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You have to be decisive. Indecisiveness is a startup killer.
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If you compromise in the first five, ten hires it might kill the company.
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The second part of how to hire: try not to.
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The best people know that they should join a rocketship.
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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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You should be able to describe any employee as an animal at what they do.
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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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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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Ideas by themselves are not worth anything, only executing well is what creates value.
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