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Losing focus is another way that founders get off track.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Way
Founders
Track
Losing
Focus
Another
More quotes by Sam Altman
You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
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... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
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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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The startups that do well are the ones that are working all the time.
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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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You cannot create a market that doesn't want to exist.
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The thing that kills startups at some level, is the founders giving up.
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Obsess about the quality of the product.
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You should be able to describe any employee as an animal at what they do.
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The way to have a company that executes well is you have to execute well yourself.
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Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
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Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
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Most things are not as risky as they seem.
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... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
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Why now, why is this the perfect time for this particular idea, and to start this particular company?
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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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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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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A board member of mine used to say sales fix everything in a startup, and that is really true.
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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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