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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
Founders
Track
Losing
Focus
Another
Way

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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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You need unstoppable people. You want people that are just going to get it done.
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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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Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
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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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In YC's case, the number one cause of early death for startups is cofounder blowups.
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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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... for the top twenty most valuable YC companies, all of them have at least two founders.
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You think you have this great idea that everyone's going to come join, but that's not how it works.
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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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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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You have to be decisive. Indecisiveness is a startup killer.
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You can basically change everything in a startup but the market.
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I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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Most founders have not managed people before, and they certainly haven't managed managers.
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Ideas by themselves are not worth anything, only executing well is what creates value.
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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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The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
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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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Most things are not as risky as they seem.
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