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
real thinking long
So it's worth some real up front time to think through the long term value and the defensibility of the business.
real team work-out
If someone is difficult to talk to, if someone cannot communicate clearly, it's a real problem in terms of their likelihood to work out.
reality choices balance
Startups are not the best choice for work-life balance, and that's sort of just the sad reality.
communication really-great great-communication
You can't be focussed without really great communication
real worry thumbs
Here's a good rule of thumb: don't worry about a competitor at all, until they're actually beating you with a real shipped product.
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.
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.
early love maybe outcome runway stage
I love working with really early stage startups where the outcome is still in doubt. Maybe they'll go on to greatness, or maybe they'll never get off the runway at all.
family handful hundred low prefer priority
Never put your family, friends, or significant other low on your priority list. Prefer a handful of truly close friends to a hundred acquaintances.
consumers tap
With Loopt Star, consumers get to tap interactive rewards wherever they may be.