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You can basically change everything in a startup but the market.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Basically
Market
Change
Everything
More quotes by Sam Altman
Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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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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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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The cost of getting an early hire wrong is really high.
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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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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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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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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
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Be suspicious of any work that is not building product or getting customers.
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You think you have this great idea that everyone's going to come join, but that's not how it works.
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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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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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You need unstoppable people. You want people that are just going to get it done.
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Cofounder relationships are among the most important in the entire company.
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You cannot create a market that doesn't want to exist.
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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 need to figure out what the 2 or 3 most important things are, and then just do those.
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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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Unfortunately the trick to great execution is to say no a lot.
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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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