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Because so few people make an actual long term commitment to what they're building, the ones that do have a huge advantage.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Term
Long
Make
Actual
People
Commitment
Advantage
Ones
Building
Huge

More quotes by Sam Altman

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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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Losing focus is another way that founders get off track.
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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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The track record for founders that don't already know each other is really bad.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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Great execution towards a terrible idea will get you nowhere.
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In general, it's best if you're building something that you yourself need.
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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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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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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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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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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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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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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
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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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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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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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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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If you compromise in the first five, ten hires it might kill the company.
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