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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
Trying
Developing
Really
Connections
Deal
Deals
Personal
Anyone
Bigs
Important
Connection
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Founders need to figure out what the message of the company is going to be.
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The second part of how to hire: try not to.
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The single word that matters most I think to keep the company productive as it grows is alignment.
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One thing that often disrupts momentum and really shouldn't is competitors.
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You don't get to make their decisions but you do get to choose the decision makers.
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Another way of looking at this, is that the best companies are almost always mission oriented.
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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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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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You certainly don't need to have everything figured out in the path from here to world domination.
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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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... you want to be proud of how much you can get done with a small numbers of employees.
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In general though, if you look at the track record of pivots, they don't become big companies.
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Most of the best hires that I've made in my entire life have never done that thing before.
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At the beginning, you should only hire when you have a desperate need to.
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AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people.
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The thing that kills startups at some level, is the founders giving up.
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The track record for founders that don't already know each other is really bad.
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... and you can only have 2 or 3 things everyday, because everything else will just come at you you know fires in a day.
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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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