Great execution is at least 10 times more important and a 100 times harder than a good idea.
The way to build billion dollar companies is to first build something people love. There isn't really a shortcut there.
Move fast! Speed is one of your main advantages over large competitors.
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In a world that's changing so quickly, you're guaranteed to fail if you don't take any risks.
Mark Zuckerberg (Facebook CEO)
3If you're trying to create a company, it's like baking a cake. You have to have all the ingredients in the right proportion.
Whenever an individual or a business decides that success has been attained, progress stops.
If you can't admit a failure, you're not an entrepreneur. You are not a good business person. There's nothing brilliant about what you are doing.
Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they'll turn out to be right.
Your first projects aren't the greatest things in the world, and they may have no money value, they may go nowhere, but that is how you learn - you put so much effort into making something right if it is for yourself.
You can make something big when young that will carry you through life. Look at all the big startups like Microsoft, Apple, Google, Facebook, Twitter, etc. They were all started by very young people who stumbled on something of unseen value. You'll know it when you hit a home run.
There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.
If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.
The biggest risk is not taking any risk... In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks.
There are two kinds of companies; those that work to try to charge more and those that work to charge less. One will be second.
Jeff Bezos (Amazon CEO)
1I'm against retiring. The thing that keeps a man alive is having something to do.
If you work just for money, you'll never make it. But if you love what you're doing and you always put the customer first, success will be yours.
Ray Kroc (McDonald's CEO)
I find it rather easy to portray a businessman. Being bland, rather cruel and incompetent comes naturally to me.
Succeeding in business is not just about making money.
Put your consumers in focus, and listen to what they're actually saying, not what they tell you.
Along the way, I learned the key to launching a company. It's all about storytelling.
I guess one of the main things you realize when you work as an entrepreneur is that it's long days, long hours.
Great products sell themselves.
What made Louis Vuitton famous was the quality. We don't do marketing; we just create products which are exceptional in their design and craftsmanship.
Decisiveness is the one word that makes a good manager.
Motivation is everything. You can do the work of two people, but you can't be two people. Instead, you have to inspire the next guy down the line and get him to inspire his people.
Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term.
Google was founded to get information to everybody. A by-product of that strategy is that we invented an advertising business which has provided great economics that allows us to build the servers, hire the employees, create value.
ChatGPT is incredibly limited, but good enough at some things to create a misleading impression of greatness. It's a mistake to be relying on it for anything important right now. It's a preview of progress; we have lots of work to do on robustness and truthfulness.
Sam Altman - December 2022
Caffeine is by far the best drug. Very difficult to overstate how much changed when people stopped drinking alcohol all day and started drinking coffee/tea!
Sam Altman - September 2022
In general, it's best if you're building something that you yourself need.
Time is extremely limited and goes by fast. Do what makes you happy and fulfilled - few people get remembered hundreds of years after they die anyway. Don't spend time trying to maintain relationships with people you don't like, and cut negative people out of your life. Negativity is really bad. Don't let yourself make excuses for not doing the things you want to do.
I am nervous about the impact AI is going to have on future elections. Personalized 1:1 persuasion, combined with high-quality generated media, is going to be a powerful force.
Sam Altman - September 2022
No matter how successful you are, the haters will never go away.
Sam Altman in Startup Playbook
AI will probably most likely lead to the end of the world, but in the meantime, there'll be great companies.
Whether or not money can buy happiness, it can buy freedom, and that's a big deal. Also, lack of money is very stressful.
People always make the mistake of calling an idea small or stupid because they don't understand how it's going to evolve.
Seed investing is the status symbol of Silicon Valley. Most people don't want Ferraris, they want a winning seed investment.
Sometimes all a girl really needed was a very bad idea.
Jennifer Lynn Barnes in The Inheritance Games - The Hawthorne Legacy
Ideas are cheap and easy, and there are a lot of them.
Writing changed the world. Suddenly ideas didn't have to disappear just because the person whose head they were trapped in had died.
Philomena Cunk in Cunk On Earth - Episode 1