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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
Complete
Everyone
Else
Place
Find
Comp
Meltdown
Meltdowns
Disaster

More quotes by Sam Altman

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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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... you want to be proud of how much you can get done with a small numbers of employees.
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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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You need to figure out what the 2 or 3 most important things are, and then just do those.
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Great execution towards a terrible idea will get you nowhere.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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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In the beginning of a company, there is no management and this actually works really well.
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The cost of getting an early hire wrong is really high.
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Move fast. Speed is one of your main advantages over large companies.
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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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You don't get to make their decisions but you do get to choose the decision makers.
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Unfortunately the trick to great execution is to say no a lot.
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... fire fast when it's not working. It's better for the company, it's also better for the employee.
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The second part of how to hire: try not to.
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The single word that matters most I think to keep the company productive as it grows is alignment.
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You have to be decisive. Indecisiveness is a startup killer.
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You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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You need this sort of a tailwind to make a startup successful.
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