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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
Average
Spend
True
Become
Really
Time
People
More quotes by Sam Altman
The startups that do well are the ones that are working all the time.
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The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
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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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If it works out, you're going to be working on this for 10 years.
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At the beginning, you should only hire when you have a desperate need to.
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No matter what you choose, build stuff and be around smart people.
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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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You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.
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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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... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.
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One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
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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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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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Unpopular but right is what you're going for.
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You have to be decisive. Indecisiveness is a startup killer.
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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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You really want to know your cofounders for a while, ideally years.
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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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Growth solves (nearly) all problems
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The track record for founders that don't already know each other is really bad.
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