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You cannot create a market that doesn't want to exist.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Exist
Create
Doesn
Cannot
Market
More quotes by Sam Altman
You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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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Most of the best hires that I've made in my entire life have never done that thing before.
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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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The startups that do well are the ones that are working all the time.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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Most things are not as risky as they seem.
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... fire fast when it's not working. It's better for the company, it's also better for the employee.
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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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Great execution towards a terrible idea will get you nowhere.
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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
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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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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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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.
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You have to be decisive. Indecisiveness is a startup killer.
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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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So you should always stay on top of people's vesting schedules.
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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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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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