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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
Thinking
Company
Year
Next
Giving
Going
Every
Years
Think

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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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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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You have to save the vision speeches for when the company is winning. When you're not winning, you just have to get momentum back.
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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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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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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 single word that matters most I think to keep the company productive as it grows is alignment.
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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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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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Most of the best hires that I've made in my entire life have never done that thing before.
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Remember that the idea will expand, and become more ambitious as you go.
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You certainly don't need to have everything figured out in the path from here to world domination.
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The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
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You want to sound crazy, but you want to actually be right.
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It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
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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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You cannot create a market that doesn't want to exist.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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