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
business companies point technology
The point of an accelerator is to teach you about companies and business, not about technology.
billion companies difficult fund job partners worth
I always tell my partners that our job is to fund all the companies we can that can be worth $10 billion or more. That's such a difficult constraint, we can't have any other constraints.
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.
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.
companies people recommend
All companies that grow really big do so in only one way: people recommend the product or service to other people.
companies money ought profitable round urge
One of the things we urge Y-Combinator companies to do is to have profitability in grasp. If you need to get profitable before your A round of money, you ought to be able to do that.
companies figure tie trying ways
Many of the companies in the mobile location space are trying to figure out different ways to tie what they're doing to commerce.
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Companies generally work better when they are smaller. It's always worth spending time to think about the least amount of projects/work you can feasibly do, and then having as small a team as possible to do it.
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The way to build billion dollar companies is to first build something people love. There isn't really a shortcut there.
authority companies founders great history returning
There is a long history of founders returning to companies and doing great things. Founders are able to set the vision for their companies with an authority no one else can.
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.
calling mistake people small stupid understand
People always make the mistake of calling an idea small or stupid because they don't understand how it's going to evolve.
whoever work works
Whoever Boost works with, Sprint will work with. And whoever Sprint works with, Verizon and AT&T will as well.
cool founders hire people seems
Many founders hire just because it seems like a cool thing to do, and people always ask how many employees you have.