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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Done
People
Hiring
Senior
Early
Usually
Stage
Mistake
Stuff
More quotes by 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.
Sam Altman
... you want to be proud of how much you can get done with a small numbers of employees.
Sam Altman
As the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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In general though, if you look at the track record of pivots, they don't become big companies.
Sam Altman
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
1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
Sam Altman
... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
Sam Altman
In general, it's best if you're building something that you yourself need.
Sam Altman
You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
Sam Altman
Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
Sam Altman
Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
Sam Altman
One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
Sam Altman
The way to have a company that executes well is you have to execute well yourself.
Sam Altman
Every company has a rocky beginning.
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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
Sam Altman
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
... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
Sam Altman
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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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.
Sam Altman