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
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.
team fire employee
... fire fast when it's not working. It's better for the company, it's also better for the employee.
team forget employee
One thing that founders forget is that after they hire employees, they have to retain them.
team add employee
Employees will only add more value over time.
team thinking employee
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
team firsts employee
... companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees never recover from it...
employee founders company
Before 20 or 25 employees, most companies are structured with everyone reporting to the founder. It's totally flat.
giving should employee
You should be giving out a lot of equity to your employees.
team firsts employee
... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.
mission
It's so important for startups to get their culture right at the start. They need to feel unique and that they are on their own important mission in the world.
biggest experience
The biggest part of Loopt is about discovering the world around you, never replacing a social experience - only adding to it.
bad compete diagram famous good great ideas lie people secretly thus totally until
There's this famous observation that I totally believe: Great startup ideas are the ones that lie in the intersection of the Venn diagram of 'is a good idea' and 'looks like a bad idea.' So you want most people to think it's a bad idea and thus not compete with you until you get giant. But for it to secretly be good.
cost life
The correlation of quality of life and cost of energy is huge.
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.