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Why now, why is this the perfect time for this particular idea, and to start this particular company?

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Particular
Company
Start
Perfect
Idea
Ideas
Time

More quotes by Sam Altman

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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.
Sam Altman
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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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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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You certainly don't need to have everything figured out in the path from here to world domination.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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You really want to know your cofounders for a while, ideally years.
Sam Altman
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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.
Sam Altman
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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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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
Sam Altman
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One thing I tell startups all the time is that the best way to grow is to make their product better.
Sam Altman
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You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
Sam Altman
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Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.
Sam Altman
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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.
Sam Altman
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You need unstoppable people. You want people that are just going to get it done.
Sam Altman
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Before product/market fit, your only job that matters is to build a great product.
Sam Altman
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The way to have a company that executes well is you have to execute well yourself.
Sam Altman
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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.
Sam Altman
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When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
Sam Altman
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... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.
Sam Altman