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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
Advantage
Especially
Huge
Term
Long
Thinking
Rare
Anywhere

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In YC's case, the number one cause of early death for startups is cofounder blowups.
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You certainly don't need to have everything figured out in the path from here to world domination.
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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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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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In general, it's best if you're building something that you yourself need.
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... fire fast when it's not working. It's better for the company, it's also better for the employee.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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One thing that founders always underestimate is how hard it is to recruit.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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Unpopular but right is what you're going for.
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When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
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If you want something in a deal, just ask for it.
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One thing that founders forget is that after they hire employees, they have to retain them.
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The way to have a company that executes well is you have to execute well yourself.
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Cofounder relationships are among the most important in the entire company.
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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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You need to figure out what the 2 or 3 most important things are, and then just do those.
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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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Most founders have not managed people before, and they certainly haven't managed managers.
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