AirBnB spent 5 months interviewing their first employee, before they hired someone and in their first year, they only hired 2 people. — Sam Altman Copy Share Image
Just put a little pin in your mind: when you cross 50 employees, there are a new set of HR rules that… — Sam Altman Copy Share Image
For early employees you want people that have somewhat of a risk-taking attitude. — Sam Altman Copy Share Image
Most great companies in tech have been built by personal referrals for the first...at least 100 employees and often many more. — Sam Altman Copy Share Image
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards. — Sam Altman Copy Share Image
Companies that I've been very involved with, that have had a very bad first hire in the first 3 or so employees… — Sam Altman Copy Share Image
We've seen a lot of data at YC now, and the most successful companies and the ones where the investors do the… — Sam Altman Copy Share Image
As you grow, the productivity I think, goes down with the square of the number of employees if you don't make an… — Sam Altman Copy Share Image
... fire fast when it's not working. It's better for the company, it's also better for the employee. — Sam Altman Copy Share Image
You don't need to make the structure complicated, in fact you shouldn't. All you need is for every employee to know who… — Sam Altman Copy Share Image
The best source by far for hiring is people that you already know and people that other employees in the company already… — Sam Altman Copy Share Image
... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part… — Sam Altman Copy Share Image
One thing that founders forget is that after they hire employees, they have to retain them. — Sam Altman Copy Share Image
You want to think about what is the path for my first 10 or 15 employees going to be as the company grows. — Sam Altman Copy Share Image
I believe in fighting with investors to reduce the amount of equity they get and then being as generous as you possibly… — Sam Altman Copy Share Image
You should be able to describe any employee as an animal at what they do. — Sam Altman Copy Share Image
... but actually it sucks to have a lot of employees, and you should be proud of how few employees you have. — Sam Altman Copy Share Image
Every first time founder waits too long, everyone hopes that an employee will turn around. But the right answer is to fire… — Sam Altman Copy Share Image
As the company grows and about this 25 or so employee size, your main job shifts from building a great product to… — Sam Altman Copy Share Image
Before 20 or 25 employees, most companies are structured with everyone reporting to the founder. It's totally flat. — Sam Altman Copy Share Image
Many of the best YC companies have had phenomenally small number of employees for their first year, sometimes none besides the founders. — Sam Altman Copy Share Image
When lack of structure fails, it fails all at once. What works totally fine from 0-20 employees, is disastrous at 30. — Sam Altman Copy Share Image
You never want to be in a place where an employee has vested 3 out of the 4 years of stock and… — Sam Altman Copy Share Image
One thing I tell startups all the time is that the best way to grow is to make their product better. — Sam Altman Copy Share Image
A winning team feels good and keeps winning. A team that hasn't won in a while gets demotivated and keeps losing. — Sam Altman Copy Share Image
You're either not hiring at all or it's probably your single biggest block of time. — Sam Altman Copy Share Image
The thing that kills startups at some level, is the founders giving up. — Sam Altman Copy Share Image
Execution gets divided into two key questions: 1) can you figure out what to do and 2) can you get it done. — Sam Altman Copy Share Image
I prefer to invest in a company that's going after a small but rapidly growing market than a big but slow growing one. — Sam Altman Copy Share Image
Startups are not the best choice for work-life balance, and that's sort of just the sad reality. — Sam Altman Copy Share Image