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
companies facebook good google hit incredible job observed public standing terrible
Being a public company is really terrible for most companies. I'd say Facebook and Google have done a pretty good job of standing up to the incredible quarterly pressure to hit numbers, but most companies - and I've observed a lot now - don't do a very good job of that.
acquired companies few invest model
I don't invest in companies where my mental model is that they need to get themselves acquired in the next few years - or ever.
companies people recommend
All companies that grow really big do so in only one way: people recommend the product or service to other people.
companies money ought profitable round urge
One of the things we urge Y-Combinator companies to do is to have profitability in grasp. If you need to get profitable before your A round of money, you ought to be able to do that.
companies figure tie trying ways
Many of the companies in the mobile location space are trying to figure out different ways to tie what they're doing to commerce.
authority companies founders great history returning
There is a long history of founders returning to companies and doing great things. Founders are able to set the vision for their companies with an authority no one else can.
billion companies difficult fund job partners worth
I always tell my partners that our job is to fund all the companies we can that can be worth $10 billion or more. That's such a difficult constraint, we can't have any other constraints.
business companies point technology
The point of an accelerator is to teach you about companies and business, not about technology.
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.
billion build companies dollar love people shortcut
The way to build billion dollar companies is to first build something people love. There isn't really a shortcut there.
light money ok spend
What is OK is to spend money for productivity. What is not OK is just to light money on fire.
team goal should
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.
team cost
The cost of getting an early hire wrong is really high.
consumers tap
With Loopt Star, consumers get to tap interactive rewards wherever they may be.