(public).sospep.subjects ~ view article ~ sam-altman-on-startups

<h1 style="text-align: center;">title</h1>
<h2>[WHAT]</h2>
] sam altman
1] [ideas] 
getting an idea, best NOT to have a company - a project is better - airbnb example - side project to make some money, so founder could pay his rent - once you have a company + investors - pressure
-
- need builders, its hard to hire talent - think about market, fast growing, huge market, in the future
- [make something people want ] -- most founders get it wrong -- if you get that right, you can do almost anything else wrong -- vice versa,
- [act quickly], make decisions, practice doing this, learn to be more decisive
- [formidable] - tough, can also get better at this,
- [users], have users that are close to you and will give you feedback -- press launch doesnt get you the users you need -- example pinterest founder ben silverman - -- talk to users, listen to users -- dont decieve yourself, about how much users love your project, be honest
[burn rate] how much your losing each month, dont decieve yourselve, can run into if your burn rate is low or you
[strategy] articulate your strategy in a few sentences essay pg ON fundraising
[ask for what you want] [know the press] yC says leave out anything the press says about them - dont care what the press says - how much your making, how fast your growing (Most founders get it wrong)
[generate revenue early] - the right culture, the right focus .. break
[hiring] - really important - give early hires a lot of equity, first 10, 10%, - you want people who are so good they can do their own companies
- fire people quickly - its hard to do - painful experience - dont work with people you dont have a good feeling about -
[scaling] getting users at scale - important to learn about sales and marketing - 5/6 different ways, best way is word of mouth, doesnt always work enough
[ growth rate] -- best startups know what it is all times -- whatever the ceo measures, is what the company -- zuck - what you do when growth stops, inspirational speech should be saved, focus on small tactical wins, something to grow this week
- " best companies are full of MISSIONARIES not MERCANARIES -- want your people to believe -- if ppl believe they will work harder
[focus] spending time on things that dont matter - playing house version of startup (conferences, meetings, ) - focus on the product and the users, intensely, every day - prioritize, spend time on things that are critical
[excuses] take responsibility - transition from building a great product to building a great company - very difficult to do - things get done in the world, focus and personal connection - building personal connections with your employees
[aquisitions] - process corp dev - - assume the offer will be about 1/10 of the first big number they toss out - dont do this unless your ready to sell - startps are hard work 10 years - can be your biggest attempt to change the world
 
<h2>[WHY]</h2>
<ol>
<li>]&nbsp;right business model for non profit startups</li>
<ol>
<li>] more than 1 -</li>
<li>] extremely hard to raise money</li>
</ol>
<li>] only hiring freelancers</li>
<ol>
<li>] really hard to do, dont recommend it , cycle time is too long</li>
</ol>
<li>] outside the valley, outside NA</li>
<ol>
<li>] the internet , you can do it from anywhere,</li>
<li>] current batch has</li>
</ol>
<li>] early hire qualities</li>
<ol>
<li>] similar to founder, generalist, smart, believers, team players,</li>
<li>] diversity in background is good, diversity in vision is</li>
</ol>
<li>] best region to start a startup</li>
<ol>
<li>] can do it so many places</li>
<li>] travelled a lot, many great startups, all over&nbsp;</li>
<li>] most successfull companies founders a</li>
<li>] funding is the main thing, many people</li>
<li>] 2000 incubators, all over the world</li>
<li>] the trick is to get</li>
<li>] come to the valley when you need HUGE capital</li>
</ol>
<li>] why does YC work from home VS work in co-working space</li>
<ol>
<li>] truly revolutionary ideas</li>
</ol>
<li>] do you need previous business experience</li>
<ol>
<li>] more important to have the ablitity to build a product, then it is to build a business</li>
</ol>
<li>] why is YC so successfull?</li>
<ol>
<li>] fortunate to get the best applications</li>
<li>] small partners who spend all their time trying to help startups</li>
<li>] strong alumni - who help</li>
</ol>
<li>] secrecy</li>
<ol>
<li>] value comes from the execution - not the idea, important to not overdue the secrecy</li>
</ol>
<li>]</li>
</ol>
<h2>[WHERE]</h2>
<ol>
<li>] plaxi &nbsp;</li>
</ol>
&nbsp;
<h2>[WHEN]</h2>
<ol>
<li>]</li>
</ol>
<h2>[EXAMPLE]</h2>
<ol>
<li>]</li>
</ol>
<h2>[HOW-TO]</h2>
<ol>
<li>]</li>
</ol>
<h2>[REFERENCE]</h2>
<ol>
<li>]</li>
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PAGE - intro
- What are you planning to do?
Apply to YC
get funding, ] launch @ __, ]
- What's your startup idea?
sospep =&nbsp; knowledge-management + asset-management + procedure-management + contact-management + project-management.
An integrated, extensible, web based platform to manage all* of your data, personal and professional, across all of your devices and all of your services.
- Do you have a team? No
- Is this your first company or have you created anything before? No
&nbsp;
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~ view article ~ Chapter] ch-999-index FROM [ Book] startup-guide IN [ libraries] business