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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.
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
Repeatable
Culture
Ongoing
Business
Excellence
Doe
Innovation
Thing
Hardest
Believe
Building
Really
Single
More quotes by Sam Altman
If you want something in a deal, just ask for it.
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You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
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Unfortunately the trick to great execution is to say no a lot.
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Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it.
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The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
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One thing that often disrupts momentum and really shouldn't is competitors.
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One thing that founders always underestimate is how hard it is to recruit.
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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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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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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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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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The second part of how to hire: try not to.
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Move fast. Speed is one of your main advantages over large companies.
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The thing that kills startups at some level, is the founders giving up.
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To get the very best people- they have a lot of great options, and so it can easily take a year to recruit someone.
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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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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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