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 cost
The cost of getting an early hire wrong is really high.
team responsibility credit
You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
team fire office
You also want to fire people who a) create office politics, and b) who are persistently negative.
team fire employee
... fire fast when it's not working. It's better for the company, it's also better for the employee.
team fire long
Every first time founder waits too long, everyone hopes that an employee will turn around. But the right answer is to fire fast...
running team thinking
Firing people is one of the worst parts of running a company. Actually in my own experience, I think it is the worst.
team thinking firsts
I think the best thing you can do is be aware that as a first time founder you are likely to be a very bad manager.
team forget employee
One thing that founders forget is that after they hire employees, they have to retain them.
team writing promise
Investors will sort of like write the check and then, despite a lot of promises, don't usually do that much; sometimes they do.
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 thinking giving
I think as a rough estimate, you should aim to give about 10% of the company to the first 10 employees.
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.