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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
Track
Losing
Focus
Another
Way
Founders

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Remember that the idea will expand, and become more ambitious as you go.
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You also want to fire people who a) create office politics, and b) who are persistently negative.
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Before product/market fit, your only job that matters is to build a great product.
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For most software startups, this translates to keep growing. For hardware startups, it translates to don't let your ship date slip.
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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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In the early stage of a startup, hiring senior people is usually a mistake. You just want people that get stuff done.
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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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Mediocre founders spend a lot of time talking about grand plans, but they never quite make a decision.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
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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 need to figure out what the message of the company is going to be.
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You can basically change everything in a startup but the market.
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Obsess about the quality of the product.
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You need unstoppable people. You want people that are just going to get it done.
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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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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
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The most important thing is that there is clear reporting structure and everyone knows what it is.
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Aim to be the best in the world at whatever you do professionally. Even if you miss, you'll probably end up in a pretty good place.
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