Sam Altman

Sam Altman quotes on investment

American entrepreneur, investor, programmer, and blogger. Former president of Y Combinator.

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1

You have a problem, so you decide to raise some money. Now you have two problems. So you hire some people. Now you have three problems.

2

Make the email shorter, get to the point faster, and don't be shy about followup.

3

Bad investors ask about the founders' school. Good investors ask why they picked this idea. Great investors ask about their childhoods.

4

Next time an investor tells you your market is too small, ask them for the size of the market 10 years ago for Airbnb, Uber, or Snapchat.

5

Low burn rate, rapid progress: excellent! High burn rate, rapid progress: ok Low burn rate, slow progress: ok High burn rate, slow progress: disaster, and now common because "we can always just raise more money"...

6

Making it clear to a founder that someone believes in him/her, and the idea, is one of the most valuable things a startup investor does.

7

Startups: although it's become fashionable to raise way more money than you need and not worry too much about the dilution, you'll regret this if you're successful.

8

Investors generally fall into two buckets: they either make you more or less stressed when something bad happens.

9

Before you hire people with the money you just raised, please please please remember that small teams move faster than big ones.

10

I would love it if everyone stopped talking about valuations and went back to taking about products.

11

The danger with raising a lot of money is that you can start buying a lot of ego validation.

12

The best investors take the least credit for companies' success. This correlation is so strong that it's a reasonable filter.

13

Founders raise 5x the dollars for 2x the ownership and think they're getting a great deal. It sneaks up on you as you keep adding people to the round. Then you do it again in the next round. Then you realize you own 9% of your company and get sad.

14

first-time founders often think that raising a large round or hiring a lot of people will solve their problems and are usually disappointed.

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