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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

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The second part of how to hire: try not to.
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No matter what you choose, build stuff and be around smart people.
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You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
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You want to sound crazy, but you want to actually be right.
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For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
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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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No growth hack, brilliant marketing idea, or sales team can save you long term if you don't have a sufficiently good product.
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As the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
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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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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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The way to have a company that executes well is you have to execute well yourself.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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If it works out, you're going to be working on this for 10 years.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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One thing that often disrupts momentum and really shouldn't is competitors.
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In general, it's best if you're building something that you yourself need.
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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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In YC's case, the number one cause of early death for startups is cofounder blowups.
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Before product/market fit, your only job that matters is to build a great product.
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One thing that founders forget is that after they hire employees, they have to retain them.
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