Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
The speed of market evolution gives you a lot more chances to use your advantage over a big company.
Sam Altman
Sam Altman
Startups usually win on big platform shifts.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
Paul Bucheit looked at the traits of our best founders to distil down what they were.
Sam Altman
Sam Altman
He came up with: Frugality, focus, obsession, and love.
Sam Altman
Sam Altman
These are things you should be able to say about what you're doing, and you as a founder.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
One of the most important jobs you have as a founder is to never lose momentum.
Sam Altman
Sam Altman
For the first few years you never take your foot off the gas.
Sam Altman
Sam Altman
Startups are not the best choice for work-life balance.
Sam Altman
Sam Altman
But especially on the early days, startups survive on their own momentum.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
Startups, especially in their early days, often win by moving very quickly.
Sam Altman
Sam Altman
You want people who're willing to act with much less data than they'd like to have,
Sam Altman
Sam Altman
and if it doesn't work, they adapt quickly and try something else.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
Having some people within a company that're constantly throwing out ideas,
Sam Altman
Sam Altman
most of which will be bad, turns out to be super important to have on the team.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
The whole world will tell you why you're gonna fail as a startup.
Sam Altman
Sam Altman
If you don't have that internal fire of belief, if you don't have people who say:
Sam Altman
Sam Altman
"You know what, we're gonna do this no matter what the haters say, we're gonna figure it out."
Sam Altman
Sam Altman
If you don't have the spirit of optimism on the team, it's very hard to succeed.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
Building a great team, other than picking the right market and building a great product,
Sam Altman
Sam Altman
is the most important thing you do.
Sam Altman
Sam Altman
All founders go through a transition where you switch from building a product to a company.
Sam Altman
Sam Altman
And building a company is really about the team.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
The entire startup ecosystem is best set up to support companies with a low chance of success but
Sam Altman
Sam Altman
that are huge if they work.
Sam Altman
Sam Altman
And I think going for something that's huge if it works will attract the best people.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
Having courage of your convictions, being a clear leader, saying "We're gonna do this!"
Sam Altman
Sam Altman
And that's why even in the face of a lot of doubt that seems really correlate with success.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
It's really important to think when starting a company:
Sam Altman
Sam Altman
How is this going to evolve into a vision that a lot of people wanna help with, be associated with?
Sam Altman
Sam Altman
Cause getting talent and mind share is really hard in the current environment.
Sam Altman
Sam Altman
And people are interested in startups that matter!
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
Someone at the startup has gotta be the person that's gonna recruit, sell the product, talk to press
Sam Altman
Sam Altman
And this requires someone who can infect with enthusiasm the whole world!
Sam Altman
Sam Altman
It's very hard to succeed wildly without that! It's very hard to build a team at all without it.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
Real trends are those that early adopters use obsessively and tell their friends how much they love.
Sam Altman
Sam Altman
A fake trend is one where people may buy the product, but don't use it or at least not enough.
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
The most important startups, are the ones that start in small markets that're growing very quickly!
Sam Altman
Sam Altman
11 years ago the market for iPhone apps was zero dollars! Not huge!
Sam Altman
Sam Altman
What you want to do is identify a market that's gonna grow and be able to ride that elevator!
Spoken text is paraphrase or parody, unless otherwise stated
Created by doublezeta 6 days ago for
Sam Altman
Sam Altman
If you can build a product so good that people spontaneously tell their friends about it
Sam Altman
Sam Altman
you've done 80% of the work that you need!
Sam Altman
Sam Altman
Think of Google, Facebook, etc, you probably found out about them cause a friend told you:
Sam Altman
Sam Altman
"You've gotta try this! It's great!"
Spoken text is paraphrase or parody, unless otherwise stated