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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
Values
Business
Real
Long
Fronts
Time
Front
Think
Value
Thinking
Worth
Term
More quotes by Sam Altman
The most important thing is that there is clear reporting structure and everyone knows what it is.
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You cannot create a market that doesn't want to exist.
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Most founders have not managed people before, and they certainly haven't managed managers.
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You really want to know your cofounders for a while, ideally years.
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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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The single word that matters most I think to keep the company productive as it grows is alignment.
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If it works out, you're going to be working on this for 10 years.
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You need to have a culture where people have very high quality standards in everything the company does, but still move quickly.
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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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Founders need to figure out what the message of the company is going to be.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.
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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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Unpopular but right is what you're going for.
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Obsess about the quality of the product.
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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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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 best people know that they should join a rocketship.
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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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