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... fire fast when it's not working. It's better for the company, it's also better for the employee.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Fast
Team
Fire
Company
Working
Also
Better
Employee
More quotes by Sam Altman
Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
Sam Altman
The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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The way to have a company that executes well is you have to execute well yourself.
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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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So always keep momentum, it's this prime directive for managing a startup.
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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.
Sam Altman
A board member of mine used to say sales fix everything in a startup, and that is really true.
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Be suspicious of any work that is not building product or getting customers.
Sam Altman
Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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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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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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In the beginning of a company, there is no management and this actually works really well.
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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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Every company has a rocky beginning.
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So you should always stay on top of people's vesting schedules.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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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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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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In general though, if you look at the track record of pivots, they don't become big companies.
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