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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
Obsessed
Size
Market
Today
Going
Think
Thinking
Investors
Evolve
More quotes by Sam Altman
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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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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The best people know that they should join a rocketship.
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Cofounder relationships are among the most important in the entire company.
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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing 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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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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Remember that the idea will expand, and become more ambitious as you go.
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The cost of getting an early hire wrong is really high.
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Unpopular but right is what you're going for.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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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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Losing focus is another way that founders get off track.
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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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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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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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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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Be suspicious of any work that is not building product or getting customers.
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