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
team thinking giving
I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
team giving advice
One of the pieces of advice that we give at YC is: try to work together on a project rather than just doing an interview.
giving-up giving levels
The thing that kills startups at some level, is the founders giving up.
giving should employee
You should be giving out a lot of equity to your employees.
thinking years giving
You should think about for the next 10 years, you're going to be giving out 3-5% of the company every year.
giving-up believe way
If you don't love and believe in what you're building, you're likely to give up at some point along the way.
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.