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
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.
cool
Check-ins are cool, but kind of a pain.
companies people recommend
All companies that grow really big do so in only one way: people recommend the product or service to other people.
great likely
AI will probably most likely lead to the end of the world, but in the meantime, there'll be great companies.
generate good sustained
The only way to generate sustained exponential growth is to make whatever you're making sufficiently good.
beach dive europe island love scuba sit staying stuff summers
There is a lot of stuff I like. I love backpacking. I love going to an island where I can just sit on the beach and read or scuba dive and sail. I do a lot of that. I still go backpacking around Europe in the summers and staying in hostels. I love that.
hire sake
Don't hire for the sake of hiring. Hire because there is no other way to do what you want to do.
Don't let yourself make excuses for not doing the things you want to do.
billion build companies dollar love people shortcut
The way to build billion dollar companies is to first build something people love. There isn't really a shortcut there.
rewarding
The whole concept of rewarding customers is a big trend.
heartache invest kinds people product recipe throw totally
I think the mistake people make most often when they invest in other kinds of startups is they say, 'This is totally different.' And so the things that matter, like making a product that people desperately want, like talking to customers, they throw this out the window. That is a recipe for heartache and tears.
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.
crazy lines sides
The hard part is that this is a very fine line. There's right on one side of it, and crazy on the other.
time
The start-ups that do well are the ones that are working all the time.