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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

More quotes by Sam Altman

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Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
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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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In the beginning of a company, there is no management and this actually works really well.
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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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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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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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Press releases are easier to write than code, and that is still easier than making a great product.
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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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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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Ideas by themselves are not worth anything, only executing well is what creates value.
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The thing that kills startups at some level, is the founders giving up.
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In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.
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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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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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Employees will only add more value over time.
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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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If you want something in a deal, just ask for it.
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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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I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
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Remember that the idea will expand, and become more ambitious as you go.
Sam Altman