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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Thought
Firsts
First
Thing
People
Apps
Frequently
Market
Wrong

More quotes by Sam Altman

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If you compromise and hire someone mediocre you will always regret it.
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You think you have this great idea that everyone's going to come join, but that's not how it works.
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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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You need unstoppable people. You want people that are just going to get it done.
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The startups that do well are the ones that are working all the time.
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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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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 want to sound crazy, but you want to actually be right.
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Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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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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So you should always stay on top of people's vesting schedules.
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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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In the beginning of a company, there is no management and this actually works really well.
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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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The thing that kills startups at some level, is the founders giving up.
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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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Founders need to figure out what the message of the company is going to be.
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