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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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Lines
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Right
Hard
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Crazy
More quotes by Sam Altman
The second part of how to hire: try not to.
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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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Another way of looking at this, is that the best companies are almost always mission oriented.
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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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If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
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The thing that kills startups at some level, is the founders giving up.
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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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The company just needs to see you as like this maniacal execution machine.
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Move fast. Speed is one of your main advantages over large companies.
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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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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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You need to figure out what the 2 or 3 most important things are, and then just do those.
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So you should always stay on top of people's vesting schedules.
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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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Most things are not as risky as they seem.
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Most founders have not managed people before, and they certainly haven't managed managers.
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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.
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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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If it works out, you're going to be working on this for 10 years.
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