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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
Cannot
Market
Exist
Create
Doesn
More quotes by Sam Altman
If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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If you compromise in the first five, ten hires it might kill the company.
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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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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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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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One thing that often disrupts momentum and really shouldn't is competitors.
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Founders need to figure out what the message of the company is going to be.
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A board member of mine used to say sales fix everything in a startup, and that is really true.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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Press releases are easier to write than code, and that is still easier than making a great product.
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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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The company just needs to see you as like this maniacal execution machine.
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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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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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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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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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You certainly don't need to have everything figured out in the path from here to world domination.
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The most important thing is that there is clear reporting structure and everyone knows what it is.
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