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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
Everyone
Important
Thing
Reporting
Structure
Clear

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If it works out, you're going to be working on this for 10 years.
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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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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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The thing that kills startups at some level, is the founders giving up.
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Losing focus is another way that founders get off track.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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Unpopular but right is what you're going for.
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If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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Founders need to figure out what the message of the company is going to be.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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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
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Be suspicious of any work that is not building product or getting customers.
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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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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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A board member of mine used to say sales fix everything in a startup, and that is really true.
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You have to be decisive. Indecisiveness is a startup killer.
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Before product/market fit, your only job that matters is to build a great product.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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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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The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
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