Quote

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

Sam Altman

Change background

T
T
T

Change font

TAGS & TOPICS

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

More quotes by Sam Altman

Image
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.
Sam Altman
Image
For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
Sam Altman
Image
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.
Sam Altman
Image
The most important thing is that there is clear reporting structure and everyone knows what it is.
Sam Altman
Image
For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
Sam Altman
Image
Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
Sam Altman
Image
Most things are not as risky as they seem.
Sam Altman
Image
What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
Sam Altman
Image
The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
Sam Altman
Image
So you should always stay on top of people's vesting schedules.
Sam Altman
Image
Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
Sam Altman
Image
If it works out, you're going to be working on this for 10 years.
Sam Altman
Image
... 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
Image
Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
Sam Altman
Image
Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
Sam Altman
Image
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
Image
The single word that matters most I think to keep the company productive as it grows is alignment.
Sam Altman
Image
You need to figure out what the 2 or 3 most important things are, and then just do those.
Sam Altman
Image
You have to be decisive. Indecisiveness is a startup killer.
Sam Altman
Image
So always keep momentum, it's this prime directive for managing a startup.
Sam Altman