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Sam Altman

05/02/17

@ Y Combinator

Founders should think long-term about their commitment to the company. Those who plan for the long haul have a significant advantage over those who only consider short-term goals.

Video

Later Stage Advice with Sam Altman (How to Start a Startup 2014: Lecture 20)

@ Y Combinator

Later Stage Advice with Sam Altman (How to Start a Startup 2014: Lecture 20)

05/02/17

Related Takeaways

Michael Seibel

08/16/24

@ Y Combinator

The best founders think long-term, considering not only their own needs but also those of their co-founders, even if the co-founders are not thinking about them.

Sam Altman

05/02/17

@ Y Combinator

The goal of productivity planning is to build a company that creates long-term value. Founders should focus on sustainable growth rather than short-term gains.

Y Combinator Cast

06/01/16

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When founders stick to an idea for a long time, it demonstrates their perseverance, which is crucial in the challenging startup environment.

Dalton Caldwell

01/06/22

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Founders who are intrinsically motivated tend to win in the long run, even if those motivated by external factors seem to succeed earlier.

Y Combinator Cast

03/09/18

@ Y Combinator

I look for founders with a long-term vision, focusing on making customers happy and creating jobs rather than just getting rich quickly.

Sam Altman

05/02/17

@ Y Combinator

Founders should continue to offer equity to employees throughout their tenure, as this incentivizes long-term commitment and aligns interests.

Ben Silbermann

04/07/17

@ Y Combinator

As time progresses, the planning horizon for a company should extend from short-term to long-term goals, influencing hiring decisions.

Chris Williamson Cast

12/17/24

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Durability is crucial because most profits in technology companies are realized 10 to 20 years later, emphasizing the importance of long-term vision and endurance.

Urska Srsen

06/01/16

@ Y Combinator

Commitment as a founder means prioritizing your team's and company's interests over your own comfort, which can involve making tough decisions and sacrifices.