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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
Something
General
Building
Best
Need
Needs
More quotes by Sam Altman
One thing that founders always underestimate is how hard it is to recruit.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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So you should always stay on top of people's vesting schedules.
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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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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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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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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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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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You can basically change everything in a startup but the market.
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Every company has a rocky beginning.
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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.
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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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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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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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... for the top twenty most valuable YC companies, all of them have at least two founders.
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You need to figure out what the 2 or 3 most important things are, and then just do those.
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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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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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Startups are very hard no matter what you do you may as well go after a big opportunity.
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