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You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Complicated
Structure
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Facts
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Employee
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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In general, it's best if you're building something that you yourself need.
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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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You also want to fire people who a) create office politics, and b) who are persistently negative.
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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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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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Obsess about the quality of the product.
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Unpopular but right is what you're going for.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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Founders need to figure out what the message of the company is going to be.
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If it works out, you're going to be working on this for 10 years.
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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 way to have a company that executes well is you have to execute well yourself.
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A single mediocre hire in the first five will often in fact kill a startup.
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You can basically change everything in a startup but the market.
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If you compromise and hire someone mediocre you will always regret it.
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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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