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Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Place
Find
Comp
Meltdown
Meltdowns
Disaster
Complete
Everyone
Else
More quotes by Sam Altman
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
The second part of how to hire: try not to.
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Losing focus is another way that founders get off track.
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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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If you compromise in the first five, ten hires it might kill the company.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
Sam Altman
It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
Sam Altman
Why now, why is this the perfect time for this particular idea, and to start this particular company?
Sam Altman
... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
Sam Altman
Unfortunately the trick to great execution is to say no a lot.
Sam Altman
The thing that kills startups at some level, is the founders giving up.
Sam Altman
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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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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So always keep momentum, it's this prime directive for managing a startup.
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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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Every company has a rocky beginning.
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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.
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Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
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One thing I tell startups all the time is that the best way to grow is to make their product better.
Sam Altman
... fire fast when it's not working. It's better for the company, it's also better for the employee.
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