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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
Team
Responsibility
Stuff
Happens
Take
Good
Credit
More quotes by Sam Altman
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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The cost of getting an early hire wrong is really high.
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You cannot create a market that doesn't want to exist.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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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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You need this sort of a tailwind to make a startup successful.
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A single mediocre hire in the first five will often in fact kill a startup.
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Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
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The track record for founders that don't already know each other is really bad.
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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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The thing that kills startups at some level, is the founders giving up.
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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The company just needs to see you as like this maniacal execution machine.
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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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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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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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Obsess about the quality of the product.
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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 other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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No matter what you choose, build stuff and be around smart people.
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