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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
Obsess about the quality of the product.
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You need unstoppable people. You want people that are just going to get it done.
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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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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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If it works out, you're going to be working on this for 10 years.
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The second part of how to hire: try not to.
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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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A board member of mine used to say sales fix everything in a startup, and that is really true.
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One thing that often disrupts momentum and really shouldn't is competitors.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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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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Unpopular but right is what you're going for.
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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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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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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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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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