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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
Part
Right
Hard
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Fine
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Crazy
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More quotes by Sam Altman
Great execution towards a terrible idea will get you nowhere.
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The way to have a company that executes well is you have to execute well yourself.
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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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If you compromise and hire someone mediocre you will always regret it.
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In general though, if you look at the track record of pivots, they don't become big companies.
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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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Employees will only add more value over time.
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The track record for founders that don't already know each other is really bad.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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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So always keep momentum, it's this prime directive for managing a startup.
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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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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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A single mediocre hire in the first five will often in fact kill a startup.
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If you want something in a deal, just ask for it.
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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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So you should always stay on top of people's vesting schedules.
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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 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.
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