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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
Company
Though
Bigs
Pivots
Become
Companies
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Track
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Records
More quotes by Sam Altman
Be suspicious of any work that is not building product or getting customers.
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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.
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If it works out, you're going to be working on this for 10 years.
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Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
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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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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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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.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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Employees will only add more value over time.
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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 need conviction in your own beliefs, and the willingness to ignore others naysaying.
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Founders need to figure out what the message of the company is going to be.
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One thing that founders always underestimate is how hard it is to recruit.
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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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Or a way to stay on strangers couches, that just sounds terrible all around.
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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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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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The way to have a company that executes well is you have to execute well yourself.
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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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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
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