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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Really
Good
Would
People
Sounded
Turned
Working
Many
More quotes by Sam Altman
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.
Sam Altman
... 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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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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A single mediocre hire in the first five will often in fact kill a startup.
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Before product/market fit, your only job that matters is to build a great product.
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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.
Sam Altman
Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
Sam Altman
Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
Sam Altman
... 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.
Sam Altman
You also want to fire people who a) create office politics, and b) who are persistently negative.
Sam Altman
Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
Sam Altman
So it's worth some real up front time to think through the long term value and the defensibility of the business.
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Press releases are easier to write than code, and that is still easier than making a great product.
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Most founders have not managed people before, and they certainly haven't managed managers.
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The startups that do well are the ones that are working all the time.
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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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You should be able to describe any employee as an animal at what they do.
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I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
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Unfortunately the trick to great execution is to say no a lot.
Sam Altman