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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Business
Real
Long
Fronts
Time
Front
Think
Value
Thinking
Worth
Term
Values
More quotes by Sam Altman
For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
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Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.
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One thing that often disrupts momentum and really shouldn't is competitors.
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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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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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The startups that do well are the ones that are working all the time.
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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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It really is true that you become an average of the people you spend the most time with.
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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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One thing that founders forget is that after they hire employees, they have to retain them.
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Obsess about the quality of the product.
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Growth solves (nearly) all problems
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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You think you have this great idea that everyone's going to come join, but that's not how it works.
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When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
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Unpopular but right is what you're going for.
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You need to figure out what the 2 or 3 most important things are, and then just do those.
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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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