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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
Building
Huge
Term
Long
Make
Actual
People
Commitment
Advantage
Ones
More quotes by Sam Altman
Most good founders that I know at any given time have a set of small overarching goals for the company that everybody in the company knows.
Sam Altman
If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
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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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The track record for founders that don't already know each other is really bad.
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Growth solves (nearly) all problems
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Remember that the idea will expand, and become more ambitious as you go.
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The way to have a company that executes well is you have to execute well yourself.
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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.
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A small communication breakdown is enough for everyone to be working on slightly different things. And then you loose focus.
Sam Altman
If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
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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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You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.
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If it takes more than a sentence to explain what you are doing, it's almost always a sign that what you are doing is too complicated.
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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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Unpopular but right is what you're going for.
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If it works out, you're going to be working on this for 10 years.
Sam Altman
Because it's one of these sort of connections between nodes- every pair of people adds communication overhead.
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You can basically change everything in a startup but the market.
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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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You need this sort of a tailwind to make a startup successful.
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