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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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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Reporting
Structure
Clear
Everyone
Important
Thing

More quotes by 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.
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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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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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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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A single mediocre hire in the first five will often in fact kill a startup.
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You certainly don't need to have everything figured out in the path from here to world domination.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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If you compromise in the first five, ten hires it might kill the company.
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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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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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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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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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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
Sam Altman
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The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.
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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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You cannot create a market that doesn't want to exist.
Sam Altman
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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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.
Sam Altman
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The startups that do well are the ones that are working all the time.
Sam Altman