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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
Domination
Figured
Certainly
Path
Everything
Need
Needs
World

More quotes by Sam Altman

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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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You have to be decisive. Indecisiveness is a startup killer.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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The cost of getting an early hire wrong is really high.
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The startups that do well are the ones that are working all the time.
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You can basically change everything in a startup but the market.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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 though, if you look at the track record of pivots, they don't become big companies.
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Great execution towards a terrible idea will get you nowhere.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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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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In the beginning of a company, there is no management and this actually works really well.
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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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One thing that founders always underestimate is how hard it is to recruit.
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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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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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