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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
Create
Doesn
Cannot
Market
Exist
More quotes by Sam Altman
In general, it's best if you're building something that you yourself need.
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Growth solves (nearly) all problems
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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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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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The track record for founders that don't already know each other is really bad.
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Before product/market fit, your only job that matters is to build a great product.
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The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
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The thing that kills startups at some level, is the founders giving up.
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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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Unfortunately the trick to great execution is to say no a lot.
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Every company has a rocky beginning.
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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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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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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The second part of how to hire: try not to.
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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
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It really is true that you become an average of the people you spend the most time with.
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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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You really want to know your cofounders for a while, ideally years.
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