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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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In the beginning of a company, there is no management and this actually works really well.
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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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If it works out, you're going to be working on this for 10 years.
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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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So you should always stay on top of people's vesting schedules.
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Or a way to stay on strangers couches, that just sounds terrible all around.
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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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The single word that matters most I think to keep the company productive as it grows is alignment.
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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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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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Unfortunately the trick to great execution is to say no a lot.
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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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If it takes more than a sentence to explain what you are doing, it's almost always a sign that what you are doing is too complicated.
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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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If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
Sam Altman
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Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
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