Sam Altman
Sam Altman
Samuel H. "Sam" Altmanis an American entrepreneur, programmer, venture capitalist and blogger. He is the president of Y Combinator and co-chairman of OpenAI...
NationalityAmerican
ProfessionBusinessman
CountryUnited States of America
ideas people effort
There's at least a hundred times more people with great ideas than people that are willing to put in the effort to execute them well.
team forget employee
One thing that founders forget is that after they hire employees, they have to retain them.
team writing promise
Investors will sort of like write the check and then, despite a lot of promises, don't usually do that much; sometimes they do.
team add employee
Employees will only add more value over time.
ideas wells executing
Ideas by themselves are not worth anything, only executing well is what creates value.
team thinking employee
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
team thinking giving
I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
team decision needs
If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
team decision makers
You don't get to make their decisions but you do get to choose the decision makers.
trying quality execution
Stay focused and don't try to do too many things at once. Care about execution quality.
way wells company
The way to have a company that executes well is you have to execute well yourself.
culture founders
Every thing at a startup gets modeled after the founders. Whatever the founders do becomes the culture.
hard-work people focus
So if you want a culture where people work hard, & pay attention to detail, focus on the customer, are frugal: you have to do it yourself.
execution needs machines
The company just needs to see you as like this maniacal execution machine.