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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
Take
Good
Credit
Team
Responsibility
Stuff
Happens

More quotes by Sam Altman

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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 works out, you're going to be working on this for 10 years.
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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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Growth solves (nearly) all problems
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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
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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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You should be able to describe any employee as an animal at what they do.
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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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Startups are very hard no matter what you do you may as well go after a big opportunity.
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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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One thing that founders forget is that after they hire employees, they have to retain them.
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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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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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So you should always stay on top of people's vesting schedules.
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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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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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You need to figure out what the 2 or 3 most important things are, and then just do those.
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Most of the best hires that I've made in my entire life have never done that thing before.
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