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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
Crazy
Actually
Sound
Right
More quotes by Sam Altman
Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
Sam Altman
One of the great and terrible things about starting a start up is that you get no credit for trying.
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The second part of how to hire: try not to.
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You need unstoppable people. You want people that are just going to get it done.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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If you compromise and hire someone mediocre you will always regret it.
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Press releases are easier to write than code, and that is still easier than making a great product.
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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
Sam Altman
No growth hack, brilliant marketing idea, or sales team can save you long term if you don't have a sufficiently good product.
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If it takes more than a sentence to explain what you are doing, it's almost always a sign that what you are doing is too complicated.
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Unfortunately the trick to great execution is to say no a lot.
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The startups that do well are the ones that are working all the time.
Sam Altman
You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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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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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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Employees will only add more value over time.
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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
Sam Altman