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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Evolve
Obsessed
Size
Market
Today
Going
Think
Thinking
Investors
More quotes by Sam Altman
In general, it's best if you're building something that you yourself need.
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Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
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You need this sort of a tailwind to make a startup successful.
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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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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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If it works out, you're going to be working on this for 10 years.
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The most important thing is that there is clear reporting structure and everyone knows what it is.
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So always keep momentum, it's this prime directive for managing a startup.
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If you compromise and hire someone mediocre you will always regret it.
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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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A single mediocre hire in the first five will often in fact kill a startup.
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You can basically change everything in a startup but the market.
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... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
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In the beginning of a company, there is no management and this actually works really well.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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One thing I tell startups all the time is that the best way to grow is to make their product better.
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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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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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One thing that often disrupts momentum and really shouldn't is competitors.
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