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.
experts needs domain
You need someone that behaves like James Bond more than you need someone that is an expert in some particular domain.
team decision needs
If someone is getting every decision wrong, that's when you need to act, and at that point it'll be painfully aware to everyone.
execution needs machines
The company just needs to see you as like this maniacal execution machine.
team needs desperate
At the beginning, you should only hire when you have a desperate need to.
important needs figures
You need to figure out what the 2 or 3 most important things are, and then just do those.
facts needs complicated
You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who their manager is.
messages needs figures
Founders need to figure out what the message of the company is going to be.
world path needs
You certainly don't need to have everything figured out in the path from here to world domination.
ideas important needs
Someday, you need to build a business that's difficult to replicate. This is an important part of a good idea.
successful needs
You need this sort of a tailwind to make a startup successful.
building-something needs building
In general, it's best if you're building something that you yourself need.
needs belief conviction
You need conviction in your own beliefs, and the willingness to ignore others naysaying.
needs building-something realizing
If you don't need it yourself, and you're building something that someone else needs, realize you're at a big disadvantage.