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
light money ok spend
What is OK is to spend money for productivity. What is not OK is just to light money on fire.
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.
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.
consumers tap
With Loopt Star, consumers get to tap interactive rewards wherever they may be.
america device likely networks tapping tend using
Virgin America flyers tend to be more likely to be using a mobile device and tapping social networks - even at 35,000 feet.
Ideas are cheap and easy, and there are a lot of them.
advantages large main
Move fast. Speed is one of your main advantages over large competitors.
call current failure learned led money regret start turn
I wouldn't call Loopt a failure. It didn't turn out like I wanted, for sure, but it was fun, I learned a lot, and I made enough money to start investing, which led me to my current job. I don't regret it at all.
people
I grew up with a computer, and many of my friends were people I met online.
answer bit hour instead less maybe missed morning sit spend stressed stressful taking unusual wonder
Maybe I am a bit unusual here, but I am less stressed if I have my phone with me. Because I can spend like an hour in the morning taking care of everything instead of I sit there and wonder what I missed or wonder what's happening. So it's way less stressful for me to just answer my phone.
I don't often get involved with campaigns at all.
acquired companies few invest model
I don't invest in companies where my mental model is that they need to get themselves acquired in the next few years - or ever.
believe future good
I believe in the future, and to be a good investor, you have to believe in the future.