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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
Market
Today
Going
Think
Thinking
Investors
Evolve
Obsessed
Size

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If it works out, you're going to be working on this for 10 years.
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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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If you compromise and hire someone mediocre you will always regret it.
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In the beginning of a company, there is no management and this actually works really well.
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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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The single word that matters most I think to keep the company productive as it grows is alignment.
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Every company has a rocky beginning.
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The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.
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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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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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Obsess about the quality of the product.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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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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The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
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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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You need to figure out what the 2 or 3 most important things are, and then just do those.
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A single mediocre hire in the first five will often in fact kill a startup.
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Most of the best hires that I've made in my entire life have never done that thing before.
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Great execution towards a terrible idea will get you nowhere.
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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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