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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Thinking
Rare
Anywhere
Advantage
Especially
Huge
Term
Long

More quotes by Sam Altman

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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.
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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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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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Obsess about the quality of the product.
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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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The cost of getting an early hire wrong is really high.
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Before product/market fit, your only job that matters is to build a great product.
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One thing that founders always underestimate is how hard it is to recruit.
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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
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Growth solves (nearly) all problems
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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The track record for founders that don't already know each other is really bad.
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Remember that the idea will expand, and become more ambitious as you go.
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You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
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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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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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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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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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