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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.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
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Giving
Going
Every
Years
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More quotes by Sam Altman

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Or a way to stay on strangers couches, that just sounds terrible all around.
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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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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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You should be able to describe any employee as an animal at what they do.
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... 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.
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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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Great execution towards a terrible idea will get you nowhere.
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You cannot create a market that doesn't want to exist.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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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
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Most things are not as risky as they seem.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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You can basically change everything in a startup but the market.
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The second part of how to hire: try not to.
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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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At the beginning, you should only hire when you have a desperate need to.
Sam Altman