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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Conviction
Belief
Others
Need
Needs
Ignore
Willingness
Beliefs
More quotes by Sam Altman
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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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 certainly don't need to have everything figured out in the path from here to world domination.
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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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The thing that kills startups at some level, is the founders giving up.
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You can basically change everything in a startup but the market.
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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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The most important thing is that there is clear reporting structure and everyone knows what it is.
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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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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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Startups are very hard no matter what you do you may as well go after a big opportunity.
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No matter what you choose, build stuff and be around smart people.
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The way to have a company that executes well is you have to execute well yourself.
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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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The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
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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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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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Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
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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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You really want to know your cofounders for a while, ideally years.
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