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You need this sort of a tailwind to make a startup successful.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
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More quotes by Sam Altman
Great execution towards a terrible idea will get you nowhere.
Sam Altman
Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
Sam Altman
Move fast. Speed is one of your main advantages over large companies.
Sam Altman
Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
Sam Altman
So you should always stay on top of people's vesting schedules.
Sam Altman
Unfortunately the trick to great execution is to say no a lot.
Sam Altman
The second part of how to hire: try not to.
Sam Altman
You cannot create a market that doesn't want to exist.
Sam Altman
You need conviction in your own beliefs, and the willingness to ignore others naysaying.
Sam Altman
... 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.
Sam Altman
You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
Sam Altman
Or a way to stay on strangers couches, that just sounds terrible all around.
Sam Altman
... 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.
Sam Altman
Why now, why is this the perfect time for this particular idea, and to start this particular company?
Sam Altman
You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
Sam Altman
One thing I tell startups all the time is that the best way to grow is to make their product better.
Sam Altman
So always keep momentum, it's this prime directive for managing a startup.
Sam Altman
Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
Sam Altman
In general, it's best if you're building something that you yourself need.
Sam Altman
To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
Sam Altman