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
capital easy either figure good money needs offering raise
Generally, you want to raise capital either when you have to or when it's really easy. If the company desperately needs money, and they can't figure out any other way, then they need to raise money. Or if someone's offering you easy money on good terms, you should take it because you can use it for good things.
amount companies generally possible small spending time work worth
Companies generally work better when they are smaller. It's always worth spending time to think about the least amount of projects/work you can feasibly do, and then having as small a team as possible to do it.
lose model money plenty
I have plenty of investments that I wish I'd never made. But the model is to lose money on a lot of investments and then make 1,000X or 10,000X on an investment.
early love maybe outcome runway stage
I love working with really early stage startups where the outcome is still in doubt. Maybe they'll go on to greatness, or maybe they'll never get off the runway at all.
cost life
The correlation of quality of life and cost of energy is huge.
great
If you have a startup that's keeping it up at night because you think it's so great, then you should do that.
almost ask crushing founder great totally
If you ask a founder how their company is doing, they always say, 'Oh it's great. We're totally crushing it,' and that's almost never true.
android iphone large people quite
If you look at people who have an iPhone or Android and are under 40 and are dissatisfied with their bank, it's actually quite a large market.
believe company early employee facebook join next opportunity
If you have the opportunity to go be an early employee at a company that's just going crazy, and you believe it's the next Facebook or Google, you should go join that company.
If you go to a paintball subreddit, paintball companies can advertise to you.
determination intelligence
Intelligence is usually easy to tell in a 10-minute conversation. Determination is harder.
buy manage unheard
If you wanted to build an Internet startup in 2005, you had to buy your own servers and hire someone to manage it. Now, that's unheard of.
biggest experience
The biggest part of Loopt is about discovering the world around you, never replacing a social experience - only adding to it.
across available communication major service services since succeed wireless
Communication services need interoperability to succeed - and Loopt is the first such service since SMS that is available across all major U.S. wireless carriers.