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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
Doesn
Cannot
Market
Exist
Create
More quotes by Sam Altman
In the beginning of a company, there is no management and this actually works really well.
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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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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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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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You have to be decisive. Indecisiveness is a startup killer.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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You don't get to make their decisions but you do get to choose the decision makers.
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Obsess about the quality of the product.
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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
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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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Unpopular but right is what you're going for.
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Most founders have not managed people before, and they certainly haven't managed managers.
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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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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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If it works out, you're going to be working on this for 10 years.
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For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
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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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