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If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Need
Aware
Needs
Team
Every
Decision
Getting
Wrong
Point
Everyone
Someone
Painfully
More quotes by Sam Altman
The track record for founders that don't already know each other is really bad.
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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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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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Growth solves (nearly) all problems
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Or a way to stay on strangers couches, that just sounds terrible all around.
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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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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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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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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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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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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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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Press releases are easier to write than code, and that is still easier than making a great product.
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One thing that often disrupts momentum and really shouldn't is competitors.
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In the beginning of a company, there is no management and this actually works really well.
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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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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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