Quote

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.

Sam Altman

Change background

T
T
T

Change font

TAGS & TOPICS

Sam Altman
Age: 39
Born: 1985
Born: April 22
Entrepreneur
Chicago
Illinois
Samuel H. Altman
Samuel Altman
Clear
Boards
Ends
Disaster
Doe
Lays
Strategy
Trying
Role
Ceo
Advice
Consent
Usually
Board
Roles
Tries

More quotes by Sam Altman

Image
Don't let the company get distracted or excited about other things. A common mistake is that companies get excited by their own PR.
Sam Altman
Image
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.
Sam Altman
Image
If you have several ideas that all seem pretty good, work on the one that you think about, when you're not trying to think about work.
Sam Altman
Image
Why now, why is this the perfect time for this particular idea, and to start this particular company?
Sam Altman
Image
Press releases are easier to write than code, and that is still easier than making a great product.
Sam Altman
Image
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.
Sam Altman
Image
It really is true that you become an average of the people you spend the most time with.
Sam Altman
Image
The most important thing is that there is clear reporting structure and everyone knows what it is.
Sam Altman
Image
I really believe that the single hardest thing in business is building a company that does repeatable innovation... and just has this ongoing culture of excellence as it grows.
Sam Altman
Image
If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.
Sam Altman
Image
Growth solves (nearly) all problems
Sam Altman
Image
The thing that kills startups at some level, is the founders giving up.
Sam Altman
Image
One of the biggest advantages that start ups have is execution speed and you have to have this relentless operating rhythm.
Sam Altman
Image
One of the great and terrible things about starting a start up is that you get no credit for trying.
Sam Altman
Image
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.
Sam Altman
Image
If you pivot, do it fully and with conviction. The worst thing is to try to do a bit of the old and the new-it's hard to kill your babies.
Sam Altman
Image
You need unstoppable people. You want people that are just going to get it done.
Sam Altman
Image
The natural state of a start-up is to die most start-ups require multiple miracles in their early days to escape this fate.
Sam Altman
Image
You need this sort of a tailwind to make a startup successful.
Sam Altman
Image
The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
Sam Altman