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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
Time
Front
Think
Value
Thinking
Worth
Term
Values
Business
Real
Long
Fronts

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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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Unpopular but right is what you're going for.
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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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The thing that kills startups at some level, is the founders giving up.
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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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The most important thing is that there is clear reporting structure and everyone knows what it is.
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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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You need this sort of a tailwind to make a startup successful.
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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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Another way of looking at this, is that the best companies are almost always mission oriented.
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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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The second part of how to hire: try not to.
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Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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Unfortunately the trick to great execution is to say no a lot.
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