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 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.
team decision makers
You don't get to make their decisions but you do get to choose the decision makers.
trying quality execution
Stay focused and don't try to do too many things at once. Care about execution quality.
way wells company
The way to have a company that executes well is you have to execute well yourself.
culture founders
Every thing at a startup gets modeled after the founders. Whatever the founders do becomes the culture.
hard-work people focus
So if you want a culture where people work hard, & pay attention to detail, focus on the customer, are frugal: you have to do it yourself.
execution needs machines
The company just needs to see you as like this maniacal execution machine.
ideas company great-idea
There are exceptions of course, but most companies start with a great idea - not a pivot.
ideas execution terrible
Great execution towards a terrible idea will get you nowhere.
ideas world today
... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.
years ideas matter
It's become popular in recent years to say that the idea doesn't matter.
team thinking bars
... you can think about that for everyone you hire: will I bet the future of this company on this single hire? And that's a tough bar.