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It really is true that you become an average of the people you spend the most time with.
Sam Altman
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Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Time
People
Average
Spend
True
Become
Really
More quotes by Sam Altman
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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If it works out, you're going to be working on this for 10 years.
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The track record for founders that don't already know each other is really bad.
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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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Be suspicious of any work that is not building product or getting customers.
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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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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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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 and hire someone mediocre you will always regret it.
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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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These all sounded really bad, but they turned out to be good. If they had sounded really good, there would have been too many people working on them.
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... for the top twenty most valuable YC companies, all of them have at least two founders.
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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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1 of the hardest parts about being a founder, is that there are a 100 important things competing for your attention each day.
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At the beginning, you should only hire when you have a desperate need to.
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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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Most of the best hires that I've made in my entire life have never done that thing before.
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Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
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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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Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
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