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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
What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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Most things are not as risky as they seem.
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At the beginning, you should only hire when you have a desperate need to.
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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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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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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 the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
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Press releases are easier to write than code, and that is still easier than making a great product.
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Developing a personal connection with anyone you're trying to do a big deal with is really important.
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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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As you grow, it feels hopelessly corporate but it really is worth putting in place these compensation bands.
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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 you compromise in the first five, ten hires it might kill the company.
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You should be able to describe any employee as an animal at what they do.
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In addition to relentlessly resourceful, you want a tough and a calm cofounder.
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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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Or a way to stay on strangers couches, that just sounds terrible all around.
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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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Before product/market fit, your only job that matters is to build a great product.
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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