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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
Start
Perfect
Idea
Ideas
Time
Particular
Company

More quotes by Sam Altman

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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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In the beginning of a company, there is no management and this actually works really well.
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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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If it takes more than a sentence to explain what you are doing, it's almost always a sign that what you are doing is too complicated.
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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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Losing focus is another way that founders get off track.
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You need this sort of a tailwind to make a startup successful.
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In general though, if you look at the track record of pivots, they don't become big companies.
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When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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One thing that founders forget is that after they hire employees, they have to retain them.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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You need unstoppable people. You want people that are just going to get it done.
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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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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
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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.
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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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Growth solves (nearly) all problems
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No matter what you choose, build stuff and be around smart people.
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Employees will only add more value over time.
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