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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
Long
Thinking
Rare
Anywhere
Advantage
Especially
Huge
Term

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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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You can basically change everything in a startup but the market.
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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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One thing that founders forget is that after they hire employees, they have to retain them.
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Remember that the idea will expand, and become more ambitious as you go.
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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.
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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.
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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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The cost of getting an early hire wrong is really high.
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If it works out, you're going to be working on this for 10 years.
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Be suspicious of any work that is not building product or getting customers.
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.
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One thing that often disrupts momentum and really shouldn't is competitors.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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If you want something in a deal, just ask for it.
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... you want to be proud of how much you can get done with a small numbers of employees.
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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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