Sam Altman

Quotes by Sam Altman

• Move fast. Speed is one of your main advantages over large competitors.

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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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• Whoever Boost works with, Sprint will work with. And whoever Sprint works with, Verizon and AT&T will as well.

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• Loopt isn't a service that keeps you locked in, staring at your screen.

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• It's so important for startups to get their culture right at the start. They need to feel unique and that they are on their own important mission in the world.

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• Startups on the inside are always badly broken.

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• Maybe I am a bit unusual here, but I am less stressed if I have my phone with me. Because I can spend like an hour in the morning taking care of everything instead of I sit there and wonder what I missed or wonder what's happening. So it's way less stressful for me to just answer my phone.

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• Whether or not money can buy happiness, it can buy freedom, and that's a big deal. Also, lack of money is very stressful.

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• 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.

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• Tech companies tend to do tech best.

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• Sometimes people think Y Combinator has big ideas about themes. But really, we just fund the best startups.

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• Making money is often more fun than spending it, though I personally have never regretted money I've spent on friends, new experiences, saving time, travel, and causes I believe in.

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• The Loopt mobile app is all about giving you the latest local deals and insider tips.

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• I believe whatever smart, ambitious people are working on will be the trend of the future. I do think that it's worth thinking critically about what the future will be.

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• One thing that founders always underestimate is how hard it is to recruit.

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• If you wanted to build an Internet startup in 2005, you had to buy your own servers and hire someone to manage it. Now, that's unheard of.

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• Seed investing is the status symbol of Silicon Valley. Most people don't want Ferraris, they want a winning seed investment.

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• Very ambitious startups often take a long time to work - or sometimes they take a very long time to look ambitious.

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• If the Reddit community cannot learn to balance authenticity and compassion, it may be a great website, but it will never be a truly great community.

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• Communication services need interoperability to succeed - and Loopt is the first such service since SMS that is available across all major U.S. wireless carriers.

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