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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Grow
Grows
Hopelessly
Place
Compensation
Feels
Bands
Really
Corporate
Putting
Band
Worth

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Startups are very hard no matter what you do you may as well go after a big opportunity.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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You should be able to describe any employee as an animal at what they do.
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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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In the beginning of a company, there is no management and this actually works really well.
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The second part of how to hire: try not to.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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Obsess about the quality of the product.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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... you want to be proud of how much you can get done with a small numbers of employees.
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Unfortunately the trick to great execution is to say no a lot.
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Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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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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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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The biggest PR hack you can do, is not hire a PR firm.
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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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