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Before product/market fit, your only job that matters is to build a great product.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Matters
Market
Build
Products
Jobs
Matter
Great
Product
Fit
More quotes by Sam Altman
The thing that kills startups at some level, is the founders giving up.
Sam Altman
Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
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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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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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You have to be decisive. Indecisiveness is a startup killer.
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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
Sam Altman
The track record for founders that don't already know each other is really bad.
Sam Altman
Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
Sam Altman
... for the top twenty most valuable YC companies, all of them have at least two founders.
Sam Altman
In YC's case, the number one cause of early death for startups is cofounder blowups.
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The single word that matters most I think to keep the company productive as it grows is alignment.
Sam Altman
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.
Sam Altman
You need this sort of a tailwind to make a startup successful.
Sam Altman
Remember that the idea will expand, and become more ambitious as you go.
Sam Altman
Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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You cannot create a market that doesn't want to exist.
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Cofounder relationships are among the most important in the entire company.
Sam Altman
Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
Sam Altman
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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Unfortunately the trick to great execution is to say no a lot.
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