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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
You have to be decisive. Indecisiveness is a startup killer.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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The way to have a company that executes well is you have to execute well yourself.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
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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.
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You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
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A single mediocre hire in the first five will often in fact kill a startup.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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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 cost of getting an early hire wrong is really high.
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If you compromise in the first five, ten hires it might kill the company.
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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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You want to sound crazy, but you want to actually be right.
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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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In the beginning of a company, there is no management and this actually works really well.
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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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One thing I tell startups all the time is that the best way to grow is to make their product better.
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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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You don't get to make their decisions but you do get to choose the decision makers.
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