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In the beginning of a company, there is no management and this actually works really well.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Actually
Wells
Well
Really
Management
Beginning
Works
Company

More quotes by Sam Altman

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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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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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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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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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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You have to be decisive. Indecisiveness is a startup killer.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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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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Be suspicious of any work that is not building product or getting customers.
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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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Most things are not as risky as they seem.
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Move fast. Speed is one of your main advantages over large companies.
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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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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
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Growth solves (nearly) all problems
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When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
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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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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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Founders need to figure out what the message of the company is going to be.
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