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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

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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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The single word that matters most I think to keep the company productive as it grows is alignment.
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Before product/market fit, your only job that matters is to build a great product.
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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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If you want something in a deal, just ask for it.
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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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In YC's case, the number one cause of early death for startups is cofounder blowups.
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Remember that the idea will expand, and become more ambitious as you go.
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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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Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
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In general, it's best if you're building something that you yourself need.
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The thing that kills startups at some level, is the founders giving up.
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If you compromise in the first five, ten hires it might kill the company.
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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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In the beginning of a company, there is no management and this actually works really well.
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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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You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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One thing that founders forget is that after they hire employees, they have to retain them.
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