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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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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
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General
Records
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More quotes by Sam Altman
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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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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In the beginning of a company, there is no management and this actually works really well.
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The biggest PR hack you can do, is not hire a PR firm.
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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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You don't get to make their decisions but you do get to choose the decision makers.
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Founders need to figure out what the message of the company is going to be.
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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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You can basically change everything in a startup but the market.
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If you want something in a deal, just ask for it.
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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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No matter what you choose, build stuff and be around smart people.
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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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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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You should be able to describe any employee as an animal at what they do.
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Remember that the idea will expand, and become more ambitious as you go.
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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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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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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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