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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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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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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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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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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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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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Great execution towards a terrible idea will get you nowhere.
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Losing focus is another way that founders get off track.
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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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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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A board member of mine used to say sales fix everything in a startup, and that is really true.
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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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Obsess about the quality of the product.
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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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