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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
Every
Decision
Getting
Wrong
Point
Everyone
Someone
Painfully
Need
Aware
Needs
Team

More quotes by Sam Altman

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In general though, if you look at the track record of pivots, they don't become big companies.
Sam Altman
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Founders need to figure out what the message of the company is going to be.
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The company just needs to see you as like this maniacal execution machine.
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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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In general, it's best if you're building something that you yourself need.
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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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Startups are very hard no matter what you do you may as well go after a big opportunity.
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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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Employees will only add more value over time.
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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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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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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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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.
Sam Altman
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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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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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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.
Sam Altman
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Losing focus is another way that founders get off track.
Sam Altman
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For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
Sam Altman
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In YC's case, the number one cause of early death for startups is cofounder blowups.
Sam Altman