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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
At the beginning, you should only hire when you have a desperate need to.
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One thing that founders always underestimate is how hard it is to recruit.
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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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The other piece besides focus for execution is intensity. Startups only work at a fairly intense level.
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... you want to be proud of how much you can get done with a small numbers of employees.
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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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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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I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly can with employees.
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Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
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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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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
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Unpopular but right is what you're going for.
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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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You cannot create a market that doesn't want to exist.
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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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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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Most founders have not managed people before, and they certainly haven't managed managers.
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Before product/market fit, your only job that matters is to build a great product.
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The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.
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