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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
Grows
Hopelessly
Place
Compensation
Feels
Bands
Really
Corporate
Putting
Band
Worth
Grow

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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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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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If you compromise and hire someone mediocre you will always regret it.
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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The thing that kills startups at some level, is the founders giving up.
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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.
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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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Cofounder relationships are among the most important in the entire company.
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Obsess about the quality of the product.
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Losing focus is another way that founders get off track.
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The company just needs to see you as like this maniacal execution machine.
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The cost of getting an early hire wrong is really high.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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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 should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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... how much time you should be spending on hiring? The answer is 0 or 25 percent.
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