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You certainly don't need to have everything figured out in the path from here to world domination.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Everything
Need
Needs
World
Domination
Figured
Certainly
Path
More quotes by Sam Altman
As the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
Sam Altman
One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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You need unstoppable people. You want people that are just going to get it done.
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No growth hack, brilliant marketing idea, or sales team can save you long term if you don't have a sufficiently good product.
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If you compromise and hire someone mediocre you will always regret it.
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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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The second part of how to hire: try not to.
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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
Most things are not as risky as they seem.
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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Most of the best hires that I've made in my entire life have never done that thing before.
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The startups that do well are the ones that are working all the time.
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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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In general, it's best if you're building something that you yourself need.
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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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The track record for founders that don't already know each other is really bad.
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If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
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The way to have a company that executes well is you have to execute well yourself.
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The biggest PR hack you can do, is not hire a PR firm.
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One thing that founders forget is that after they hire employees, they have to retain them.
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