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If it works out, you're going to be working on this for 10 years.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Years
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More quotes by Sam Altman
Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
Sam Altman
You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
Sam Altman
Press releases are easier to write than code, and that is still easier than making a great product.
Sam Altman
As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
Sam Altman
Most founders have not managed people before, and they certainly haven't managed managers.
Sam Altman
... you want to be proud of how much you can get done with a small numbers of employees.
Sam Altman
So you should always stay on top of people's vesting schedules.
Sam Altman
Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
Sam Altman
The second part of how to hire: try not to.
Sam Altman
You need unstoppable people. You want people that are just going to get it done.
Sam Altman
AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
Sam Altman
These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
Sam Altman
If you want something in a deal, just ask for it.
Sam Altman
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
A single mediocre hire in the first five will often in fact kill a startup.
Sam Altman
You can basically change everything in a startup but the market.
Sam Altman
You want to sound crazy, but you want to actually be right.
Sam Altman
1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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.
Sam Altman
So always keep momentum, it's this prime directive for managing a startup.
Sam Altman