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.
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Many of the companies in the mobile location space are trying to figure out different ways to tie what they're doing to commerce.
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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.
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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.
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.
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The way to build billion dollar companies is to first build something people love. There isn't really a shortcut there.
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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.
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The point of an accelerator is to teach you about companies and business, not about technology.
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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.
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With Loopt Star, consumers get to tap interactive rewards wherever they may be.
time
The start-ups that do well are the ones that are working all the time.
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The thing about Y Combinator that's cool is that most companies won't happen if we don't fund them.
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Technology magnifies differences, and it's been replacing or obviating jobs for a long time. But what happens as that case accelerates? I'm not one of these doomsayers who says, 'There will be no jobs.'