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.
easy building infrastructure
Be suspicious of any work that is not building product or getting customers. It's easy to get sucked into an infrastructure rewrite death spiral.
years like-you easy
It's really easy to get PR with no results & it actually feels like you're really actually cool, but in a year you'll still have nothing.
moving quality easy
It's easy to move fast or be obsessed with quality, but the trick is you have to do both at a startup.
way easy easier
When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
consumers tap
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.
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.
cool fund
The thing about Y Combinator that's cool is that most companies won't happen if we don't fund them.
case jobs technology time
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.'
best fund people
Sometimes people think Y Combinator has big ideas about themes. But really, we just fund the best startups.
investing people silicon status symbol
Seed investing is the status symbol of Silicon Valley. Most people don't want Ferraris, they want a winning seed investment.
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.
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.