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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
Crazy
Sides
Lines
Part
Right
Hard
Line
Fine
Side
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The thing that kills startups at some level, is the founders giving up.
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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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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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You need this sort of a tailwind to make a startup successful.
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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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In general, it's best if you're building something that you yourself need.
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Obsess about the quality of the product.
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Most founders have not managed people before, and they certainly haven't managed managers.
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So you should always stay on top of people's vesting schedules.
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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.
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You need unstoppable people. You want people that are just going to get it done.
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At the beginning, you should only hire when you have a desperate need to.
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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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You want to sound crazy, but you want to actually be right.
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You should be able to describe any employee as an animal at what they do.
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Losing focus is another way that founders get off track.
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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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... for the top twenty most valuable YC companies, all of them have at least two founders.
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