When non-technical solo founders say “I’ll do whatever it takes to make this business successful” (which they almost always say), I say something like “Why not learn to hack? Although it takes many, many years to become a great hacker, you can learn to be good enough to build your site or app in a few months.
The most successful founders do not set out to create companies. They are on a mission to create something closer to a religion, and at some point it turns out that forming a company is the easiest way to do so.
SAM ALTMAN IN SUCCESSFUL PEOPLE
I think most people have terrible intuition about investment risk/reward trade-offs. We seem hardwired to focus on downside risk. I think this is because it’s hard to conceptualize the difference between a 3x and a 300x (or 3000x) return.
sam altman in UPSIDE RISK
You can win by endurance. Most startups don’t die at the hands of a competitor. It’s more often something like an internal implosion, the founders giving up, or not building something people want.
Sam Altman in By endurance we conquer
I think the rising popularity of party rounds is bad for companies. Having at least one investor very focused on your company is valuable. A closely involved investor will help coordinate your next round…
SAM ALTMAN IN PARTY ROUNDS
The first piece of startup wisdom I heard was “increasing your sales will fix all problems”. This turns out to be another way of phrasing Paul Graham’s point that growth is critical.
Sam Altman in GOVERNMENT AND GROWTH