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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.

Sam Altman

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

More quotes by Sam Altman

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Later, you should learn to hire fast and scale up the company, but in the early days the goal should be not to hire. Not to hire.
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One thing that often disrupts momentum and really shouldn't is competitors.
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Founders need to figure out what the message of the company is going to be.
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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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You need conviction in your own beliefs, and the willingness to ignore others naysaying.
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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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One thing that founders forget is that after they hire employees, they have to retain them.
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... the thing we see wrong with YC apps most frequently, is that people have not thought about the market first and what people want first.
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The cost of getting an early hire wrong is really high.
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Why now, why is this the perfect time for this particular idea, and to start this particular 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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You really want to know your cofounders for a while, ideally years.
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We talk to a team they've gotten new things done, that's the best predictor we have that a company will be successful.
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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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Most things are not as risky as they seem.
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If you want something in a deal, just ask for it.
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Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
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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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You have to be decisive. Indecisiveness is a startup killer.
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In the beginning of a company, there is no management and this actually works really well.
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