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Developing a personal connection with anyone you're trying to do a big deal with is really important.

Sam Altman

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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Bigs
Important
Connection
Trying
Developing
Really
Connections
Deal
Deals
Personal
Anyone

More quotes by Sam Altman

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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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One thing I tell startups all the time is that the best way to grow is to make their product better.
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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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So always keep momentum, it's this prime directive for managing a startup.
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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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Some day everyone will find out everyone else's comp, if it's all over the place, it will be a complete meltdown disaster
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Obsess about the quality of the product.
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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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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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Move fast. Speed is one of your main advantages over large companies.
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You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
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If you want something in a deal, just ask for it.
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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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Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
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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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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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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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You should be able to describe any employee as an animal at what they do.
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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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If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
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