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The single word that matters most I think to keep the company productive as it grows is alignment.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Grows
Company
Word
Keep
Matter
Alignment
Think
Productive
Thinking
Matters
Single
More quotes by Sam Altman
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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.
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When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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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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The startups that do well are the ones that are working all the time.
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Startups are very hard no matter what you do you may as well go after a big opportunity.
Sam Altman
The way to have a company that executes well is you have to execute well yourself.
Sam Altman
If it works out, you're going to be working on this for 10 years.
Sam Altman
One of the great and terrible things about starting a start up is that you get no credit for trying.
Sam Altman
Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
Sam Altman
As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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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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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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No growth hack, brilliant marketing idea, or sales team can save you long term if you don't have a sufficiently good product.
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For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
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The thing that kills startups at some level, is the founders giving up.
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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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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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You certainly don't need to have everything figured out in the path from here to world domination.
Sam Altman