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You want to sound crazy, but you want to actually be right.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Sound
Right
Crazy
Actually
More quotes by Sam Altman
... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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You need this sort of a tailwind to make a startup successful.
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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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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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The way to have a company that executes well is you have to execute well yourself.
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The company just needs to see you as like this maniacal execution machine.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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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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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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A single mediocre hire in the first five will often in fact kill a startup.
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The thing that kills startups at some level, is the founders giving up.
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Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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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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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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Unpopular but right is what you're going for.
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