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In general, it's best if you're building something that you yourself need.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
General
Building
Best
Need
Needs
Something
More quotes by Sam Altman
Unpopular but right is what you're going for.
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In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.
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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 board member of mine used to say sales fix everything in a startup, and that is really true.
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One thing that founders always underestimate is how hard it is to recruit.
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For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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You have to be decisive. Indecisiveness is a startup killer.
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Every company has a rocky beginning.
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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 don't get to make their decisions but you do get to choose the decision makers.
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Unfortunately the trick to great execution is to say no a lot.
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Press releases are easier to write than code, and that is still easier than making a great product.
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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.
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Obsess about the quality of the product.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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... fire fast when it's not working. It's better for the company, it's also better for the employee.
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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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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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