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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
Happens
Take
Good
Credit
Team
Responsibility
Stuff

More quotes by Sam Altman

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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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You really want to know your cofounders for a while, ideally years.
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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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You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
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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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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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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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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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The way to have a company that executes well is you have to execute well yourself.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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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 unstoppable people. You want people that are just going to get it done.
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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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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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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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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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You cannot create a market that doesn't want to exist.
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