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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
Works
Company
Actually
Wells
Well
Really
Management
Beginning

More quotes by Sam Altman

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At the beginning, you should only hire when you have a desperate need to.
Sam Altman
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You also want to fire people who a) create office politics, and b) who are persistently negative.
Sam Altman
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... fire fast when it's not working. It's better for the company, it's also better for the employee.
Sam Altman
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In YC's case, the number one cause of early death for startups is cofounder blowups.
Sam Altman
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One of the great and terrible things about starting a start up is that you get no credit for trying.
Sam Altman
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You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
Sam Altman
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Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
Sam Altman
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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.
Sam Altman
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... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.
Sam Altman
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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.
Sam Altman
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Be suspicious of any work that is not building product or getting customers.
Sam Altman
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
Sam Altman
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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
Sam Altman
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You really want to know your cofounders for a while, ideally years.
Sam Altman
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The single word that matters most I think to keep the company productive as it grows is alignment.
Sam Altman
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If you want something in a deal, just ask for it.
Sam Altman
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The most important thing is that there is clear reporting structure and everyone knows what it is.
Sam Altman
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Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.
Sam Altman
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One thing that founders always underestimate is how hard it is to recruit.
Sam Altman
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
Sam Altman