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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.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Whatever
Place
Ends
Professionally
Best
Aim
Even
Miss
Good
Missing
World
Pretty
Probably
More quotes by Sam Altman
Great execution towards a terrible idea will get you nowhere.
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Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
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One thing that often disrupts momentum and really shouldn't is competitors.
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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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You need this sort of a tailwind to make a startup successful.
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The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
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You cannot create a market that doesn't want to exist.
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Move fast. Speed is one of your main advantages over large companies.
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Remember that the idea will expand, and become more ambitious as you go.
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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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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 way to have a company that executes well is you have to execute well yourself.
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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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You're saying no ninety-seven times out of a hundred, and most founders find they have to make a very conscious effort to do this.
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At the beginning, you should only hire when you have a desperate need to.
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A board member of mine used to say sales fix everything in a startup, and that is really true.
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Obsess about the quality of the product.
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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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So it's worth some real up front time to think through the long term value and the defensibility of the business.
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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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