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

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

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Remember that the idea will expand, and become more ambitious as you go.
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You don't get to make their decisions but you do get to choose the decision makers.
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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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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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Whatever the founder cares about, whatever the founders think are the key goals, that's going to be what the whole company focusses on.
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You really want to know your cofounders for a while, ideally years.
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Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
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Unfortunately the trick to great execution is to say no a lot.
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One of the great and terrible things about starting a start up is that you get no credit for trying.
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Be suspicious of any work that is not building product or getting customers.
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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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What being a founder means, is signing up for this years long grind on execution - and you can't outsource this.
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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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Most things are not as risky as they seem.
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... fire fast when it's not working. It's better for the company, it's also better for the employee.
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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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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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The startups that do well are the ones that are working all the time.
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Startups are very hard no matter what you do you may as well go after a big opportunity.
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