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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
Figured
Certainly
Path
Everything
Need
Needs
World
Domination

More quotes by Sam Altman

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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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The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.
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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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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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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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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
Sam Altman
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Most things are not as risky as they seem.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
Sam Altman
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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.
Sam Altman
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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.
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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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
Sam Altman
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Before product/market fit, your only job that matters is to build a great product.
Sam Altman
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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.
Sam Altman
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
Sam Altman