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When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Hard
Way
Starting
Easier
Ways
Start
Easy
Comes
Many
More quotes by Sam Altman
Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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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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Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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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 natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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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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Remember that the idea will expand, and become more ambitious as you go.
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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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You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
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So always keep momentum, it's this prime directive for managing a startup.
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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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In YC's case, the number one cause of early death for startups is cofounder blowups.
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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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If you compromise and hire someone mediocre you will always regret it.
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If it works out, you're going to be working on this for 10 years.
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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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Great execution towards a terrible idea will get you nowhere.
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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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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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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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