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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
Find
Comp
Meltdown
Meltdowns
Disaster
Complete
Everyone
Else
Place
More quotes by Sam Altman
Remember that the idea will expand, and become more ambitious as you go.
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Cofounder relationships are among the most important in the entire company.
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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
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One thing that founders forget is that after they hire employees, they have to retain them.
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When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
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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.
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One thing that often disrupts momentum and really shouldn't is competitors.
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Losing focus is another way that founders get off track.
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The thing that kills startups at some level, is the founders giving up.
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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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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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In the beginning of a company, there is no management and this actually works really well.
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In general, it's best if you're building something that you yourself need.
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Unpopular but right is what you're going for.
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In YC's case, the number one cause of early death for startups is cofounder blowups.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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Or a way to stay on strangers couches, that just sounds terrible all around.
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