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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.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Stills
Still
Pivot
Today
Whack
Ideas
Pendulums
Feels
Pendulum
Way
Swung
World
Happy
Idea

More quotes by Sam Altman

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The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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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.
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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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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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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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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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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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You can basically change everything in a startup but the market.
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Cofounder relationships are among the most important in the entire company.
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The second part of how to hire: try not to.
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The single word that matters most I think to keep the company productive as it grows is alignment.
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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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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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Founders need to figure out what the message of the company is going to be.
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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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Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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You need this sort of a tailwind to make a startup successful.
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