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 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.
team proud should
... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have.
people schedules should
So you should always stay on top of people's vesting schedules.
giving should employee
You should be giving out a lot of equity to your employees.
ideas firsts should
The idea should come first, the startup should come second.
metrics week should
You should always know how you're doing against your metrics. You should always have a weekly review meeting every week.
team answers should
... how much time you should be spending on hiring? The answer is 0 or 25 percent.
team people should
The best people know that they should join a rocketship.
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.