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SA

Sam Altman

06/01/17

@ Y Combinator

Companies should avoid overpaying for talent during rapid growth, as it can create unsustainable salary expectations that are difficult to reverse later.

Video

YC

From Startup to Scaleup | Sam Altman and Reid Hoffman

@ Y Combinator

From Startup to Scaleup | Sam Altman and Reid Hoffman

06/01/17

Related Takeaways

YC

Y Combinator Cast

02/13/25

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Startups should avoid creating financial models based on linear growth assumptions, as this can lead to unrealistic hiring and spending expectations.

YC

Y Combinator Cast

05/07/22

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Overhiring is a common mistake that can lead to financial strain; founders should avoid this by ensuring they only hire when absolutely necessary.

KN

Kirsty Nathoo

08/22/19

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Hiring too quickly can be tempting, but every hire should be seen as an investment, and you need to ensure that you're getting a return on that investment.

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05/20/22

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When you're building a company, it's crucial to understand that hiring too many employees too soon can lead to burnout and financial strain.

BF

Brad Flora

07/08/22

@ Y Combinator

Founders frequently waste money on hiring, especially when they pursue high-salary candidates from large companies, believing they will significantly boost productivity.

AC

Adora Cheung

02/24/15

@ Y Combinator

Be cautious with paid growth, as it can be risky; if you pay for users who don't generate enough revenue, you could run out of money.

YC

Y Combinator Cast

11/27/24

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Avoid hiring too early; ensure your product provides value before expanding your team.

KR

Keith Rabois

04/20/17

@ Y Combinator

When hiring, prioritize finding the best talent and providing them with the necessary tools to succeed, rather than focusing solely on cost-cutting measures.

SA

Sam Altman

06/01/17

@ Y Combinator

It's essential to communicate to the team what you're willing to overpay for and why, ensuring that everyone understands the short-term nature of such decisions.