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
costs happen reasons software
All the reasons that have made software so successful are beginning to happen with hardware. So much can be done so quickly, prototyped so rapidly, and the costs are so low.
deals insider latest
The Loopt mobile app is all about giving you the latest local deals and insider tips.
advertising
The market for local advertising is in the billions.
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.
keys metrics months
Share results (financial and key metrics) with the company every month.
life-and-death long succeed
Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
organization salary lows
Keep salaries low and equity high. Keep the organization as flat as you can.
firsts scared starting
Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
moving speed advantage
Move fast. Speed is one of your main advantages over large companies.
remember crushed competitors
Remember that you are more likely to die because you execute badly than get crushed by a competitor.
experts needs domain
You need someone that behaves like James Bond more than you need someone that is an expert in some particular domain.
ideas looks stealing
The best ideas often look terrible at the beginning the truly good ideas, don't seem like they're worth stealing.
successful people enthusiasm
Study the unusually successful people you know, and you will find them imbued with enthusiasm for their work which is contagious. Not only are they themselves excited about what they are doing, but they also get you excited