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The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
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Right
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Fine
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Crazy
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More quotes by Sam Altman
The cost of getting an early hire wrong is really high.
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You should be able to describe any employee as an animal at what they do.
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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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Another way of looking at this, is that the best companies are almost always mission oriented.
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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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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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Remember that the idea will expand, and become more ambitious as you go.
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A single mediocre hire in the first five will often in fact kill a startup.
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One thing that often disrupts momentum and really shouldn't is competitors.
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No matter what you choose, build stuff and be around smart people.
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In the beginning of a company, there is no management and this actually works really well.
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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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You certainly don't need to have everything figured out in the path from here to world domination.
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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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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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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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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
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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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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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