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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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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Fine
Employees
Fails
Employee
Totally
Lack
Structure
Failing
Works
Disastrous
More quotes by Sam Altman
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 startups that do well are the ones that are working all the time.
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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 need unstoppable people. You want people that are just going to get it done.
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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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Most things are not as risky as they seem.
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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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Great execution towards a terrible idea will get you nowhere.
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... you want to be proud of how much you can get done with a small numbers of employees.
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You need this sort of a tailwind to make a startup successful.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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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So always keep momentum, it's this prime directive for managing a startup.
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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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It really is true that you become an average of the people you spend the most time with.
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Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
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You can basically change everything in a startup but the market.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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