Lecture 2 - Team and Execution (Sam Altman)
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- Опубліковано 24 вер 2014
- Lecture Transcript: tech.genius.com/Sam-altman-lec...
Sam Altman finishes up "Ideas, Products, Teams and Execution" by covering Team and Execution, in Lecture 2 of How to Start a Startup.
See the slides and readings at startupclass.samaltman.com/courses/lec02/
Discuss this lecture: startupclass.co/courses/how-t...
This video is under Creative Commons license: creativecommons.org/licenses/b...
This is the only valuable piece of information about startups available for free anywhere.
This is hands down some of the most useful information I have ever come across on UA-cam.
I want those papers that he skipped in this lecture. I mean, literally all of them!! This entire lectures are pure gold or maybe beyond that. For me, diamond even! Thank you so much for letting me cost nothing but just the time and the internet to get these huge amount of magnificent ideas. I really appreciate it!!!!!
29:05 execution
Completely agree with you, my friend! This plan covers my business aspirations for the next 10 years. Its potential for success is truly unparalleled. #BusinessGoals #CareerGrowth #10YearPlan
Great talk and perfectly watchable at 2x speed (since you are busy building your startup)
yohandsome 😂😂
😄😄
It's so disrespectful....
shut up
Hey! I need a tech co-founder for my startup if you want to do something of your own in part time please let me know. I have the idea just let me know if you are interested please
I can't believe that the class didn't erupt into thunderous applause at the end of this lecture. This. Is. Pure. Startup. Gold! (applause = 284,101 views x 10^17)
I clapted
At the end of this video, i claped
It isssss❤
Thats because they were anxious
He wasn't the Altman of today yet
The best series of lectures on startup that I've seen so far
ua-cam.com/users/MrVivekBindra
Hi after 9 years what are you doong right now please tell me
@@anuragchauhan9627yes
@@anuragchauhan9627 I want to know either
Following up as well
This is so interesting and knowledgeable. I might binge watch all series of 20 videos in a single day.
Excellent presentation. I love the statement relentless operating rhythm.. "Go fast and break things".
I wish i have seen this video 1 year ago man. I lost my business/startup . By not know what to do.this is the best lectures i have ever seen in my life . I must have seen 100+ lectures. But fhis one is great . .....
If any one going to start a business/ startup this one is must watch like all play list
What advise would you give to upcoming startup founders?
@@f4ster 1 keep track of data, 2 dont expand too fast , 3 carefull while hiring employee most imp , 4 maintain social media account
@@f4ster Yeah ignore the amazing content in the videos and ask a guy in the comments section instead. I'm sure he knows better.
Adding to your point, YC library counts either.
First lecture 1.8 mil views.
Second lecture 480k views.
Everyone is motivated at the beginning but few of them survives.
in the last video just 124k views
@@theories3334 still higher than i expected
Possibly one of the best videos on startups I've seen!
Because its 7 years ago :LOL
Sam, I appreciate you taking the time to share your advice and your willingness to add value to others
"Make somehting people want" and that's the class!!
Lot More Than That. So Much More.
Замечательная лекция. Просто и понятно вправляет мозги начинающему стартаперу! Great!
как ваш стартап, если вы его развиваете
Thank you so much for sharing your knowledge with the world. This is amazing and very interesting! Thanks!!
29:12 Execution! I love the practicality of this part. Well said
Sam actually excels at public speaking when he doesn't read
@Crebs Park He already stated that. Found companies with people you know and trust. Know them well. A lot of people start in college. Others start with friends. Go out there and meet people over some lunch or coffee and build relationships. Network. There's someone out there with the same aspirations.
It was a very insightful session. Lot of practical learnings.
The enthusiasm for strart-ups reminds me of enthusiasm for joining the army and go to war: nobody tells you that you will suffer, you will be hurt, and maybe you'll be killed. Out of metaphor, About 99% of start-ups fail to become a successful company, and very often you can tell it from the start, but since the founders are young, they lack the experience to see their issues, till they explode. Good luck to everyone!
Excellent content Sam. Thank you very much.
Thank you for these priceless advices!
Thank you Sam and Y combinator for this practical learnings on Startups. It really helps. Thanks.
I like the professor’s view point that when employee does the whole decision wrong we can fire them. I would not act like them before watching this video and I am sure I will lose a lot.“You do not get to make employees decision, but you do get to choose the decision makers” Points out professor Altman. “When yours and co-founder’s relationship falls apart and he/she leaves, you cannot do anything and the company will go down. Make an agreement for four years by 50/50. If he/she leaves after one year, you keep 25% of the equity.” I thought about this before and my colleagues and I made a kind of agreements. This is the right way to keep the team together for growing the company.
"Start to say no to the people and act more for your startup" pointed out the professor. For instance, it is really hard to me to say no and always I regret for it. I need to prioritize me and my work first but I do the opposite and waste my time. I should change myself and I believe that one day I can use professor’s advice.
Actually, there are a lot of thing to point out, however, i think for me these ideas are the most important ones.
Great content,one of the best lecture i have ever heard regarding stratup/ new business.
Wow😍the best content on startups(lots of love from India)❤
This content is pure gold
Priceless. Thanks Sam.
Awesome!!! Many time looking for something like this. Thank you so much!!!
Thanks for presentation and sharing the knowledge
great tips by sir sam regarding product making
Solid advice! This had to have helped someone out there! Let’s see how I’ll do
Great stuff, very informative.
Attempting to view entire lecture series. Worked at Stanford University as a teen (but had neither grades or resources to attend). Feel like someone has let me in the side door to watch even though I'm not allowed. :)
u r right man
This content is really gold
finished..amazing speech
Most underrated series
Thank you Sam.
"You don't execute the people you hire..... Well... Sometimes......" - THE MAN WHO NOW HOLDS ULTIMATE POWER OVER HUMANITY'S FUTURE
We focus on the attitude and the way they analyze and think when meeting a challenging issue.
terrific ! excellent video
Very insightful.
Excellent lecture!
This lecture is 🔥🔥🔥🔥
1:24 Thanks bro for bringing up the issue
9:08 Commitment
Great lecture. On money based on everything I have read about start ups. However, he makes statement that founder equity should be near equal. The guru on this Noam Wasserman has great research and a book out showing equal split companies do poorly in terms of later valuation and success rate. So I am curious what the data on this at YC is and why Altman would make this one statement that does not fit everything else I have come across as ingredients for startup success. Why is he off base on this one question?
I loved these lectures! 23/11/2023
Brilliant Sam
Damn! This aged really well! Just like fine wine!!
GOD BLESS YOU,
GENTALMAN😎
Listening from Cleveland's Bizdom!
Question
I don't know any friend of mine who is technical, so I cant have a type of co-founder that you mentioned and I have no idea about tech so should I learn it or keep looking for someone with whom I can team up
Can't believe that this was Sam Altman years ago, now pretty much everyone knows who he is
Unstoppable people
thank you YC❤
PCLady
I agree and try to put in my words.
It is possible to have people to share your dreams and help u in implementing your business "your ways".
1. These kind of guys are not easy to come by. By the time they come your business idea (BI) looses its shine. Its a reality with exceptions.
2. The most practical way to move forward with your "ideas/dreams" is to employ in base, on site, remote or whatever. the reality is an employee is needed and has to be hired.
3. Hiring an employee means believing in trust, integrity and honesty both sides.
4. Bottom line: Believe in team work and be professional.
5. Utopian scenario: If an employee helps you build your dream, help him build "his dream" by supporting him/her with his dream.
Start ups want co-founders to share their dreams and vision. They want employees to have the same dream but they need to understand and respect that employees can be inspired and "dream" too. Ideal barter would mean they would support u and you support them when they want u.
Idea for another start up ? ;P
Thank you !!!
Did he ever talk about "Finance, Deal making, and distribution" as he promised in the last few seconds of the lecture??
Make something people want :-- That line 👌
For the team part, I would also add that there should always be a backup plan in case somebody leaves the company. Who would do their job? At least have proper documentation so someone else can pick up the work if an employee leaves the company suddenly.
7.00 - Co-founder must in TA, if just management, usually not gonna work
please guide me important points of 1) HIRING & MANAGING & 2) COMPETITORS
this is gold
28:25 Are there any exceptions from "smaller" companys ?
is good to work with technical in different location? as startup?
Where can we get the slides from? Old school man :)
I have an idea for a startup that I would like to start building right away, but I don't have the programming skills necessary to build the product, and I don't know anyone with these skills either. It seems like my only option is to bring on a random co-founder, but the speaker advises against this. What's the best thing to do in this situation? I'm learning to code, but obviously this will take some time before I become really proficient, and I want to start working on this idea now.
That is exactly the position I am in now, keep coding!!! You need this knowledge so you know what kind of people to hire and to understand potential consequences of making technical decisions. It's been two years so I'm curious, how has that start up idea gone for you?
Same for me SRVblueshero and Octavio! I've already started to code! this is why i deeply think that the "Fast Learning" is the best competence of this century! being able to learn fast! And as you said Octavio as a founder you have to understand at least the basics of the technical aspect of your business. Cheers!
So how are you doing now?
I don't think it even matters how this particular one person is doing. We know statistically how they are doing. Every now and then someone like Srvblueshero will go on to make something amazing that takes off. Some times they make something goes nowhere. Most times they never finish making anything. Even if they come back and try to tell you what they learned, it's much smaller sample size than YC has so might as well listen to the speaker in the video.
If you’re in the same situation as blues hero, hire a developer. Or find someone who is building something similar and give value to their work to join their team.
Why has nobody told me this three years ago.. - having started a startup with a stranger, then worked remotely with him, working for money instead of vision.. doing mostly marketing instead of product work.. I could go on with all the mistakes we did there..
Have you suceed.Just wanna know before startiing my own startup
Perfect
"Make something people want".
Just a doubt: whatever he is saying, is that everything for a huge company like facebook or these companies need much more effort?
This class is amazing and you guys make the world a better place. Your subtitles in chinese kinda really suck. They add a big ton of value but they are almost non existent (chinese, traditional) (other Chinese also not existent).
Thank you for the content ❤
- World Citizen ❤
Sam: "Hopefully you don't execute the people you hire". Best advice
What if I am tough, calm, AND technical. Who should I look for as my potential Co-Founder... out of the pool of friends I have of course.
Hey! I need a tech co-founder for my startup if you want to do something of your own in part time please let me know. I have the idea just let me know if you are interested please
All of this is amazing apart from the fact that after 9 years, we know remote work does in fact work.
What happens if you start a company with a cofounder you really trust, but as time goes on, you discover bad sides about them and you want to replace them or you just can't keep working with them. What do you do?
Try asking ChatGPT 4 to answer as sam Altman to this question, im serious
Love from india Sam Altman
My takeaway: Execute and focus on the most important 2 to 3 things is really difficult for founders. You get no credits in trying, you only get credits for getting things done and build something the market really wants.
6:07 so yup you are talking about generalists
it's not just about startups, it's about life too.
When should you quit your 9-5?
I would not want to be Sam Altman's friend, but by god would I love to be his apprentice.
I wish I could just inject his perception into my veins.
Link for the slides doesnt work?
This was published 9 years ago? What did I miss?
I like the fact that how VC preps these slides to sort of "guide" future founders/start ups. The fact is that these VC's wants to invest the next big thing is hilarious. All these dreams of a start up is just fugazi with so low probabilities to succeed.
Its very simple. If u have idea - thats ok :)
*Make something people want*
***** Lecture 1 - Don't make something people want, make something they need or something they will love ;)
+Scott Laverick he was talking about his tshirt
GOLD
that is correct. employees come first. i was asked once to join a brand new startup, but the founder was planning to give out equity that would vest in a few years and on the condition of product delivery. a few of us bolted immediately... politely with all kind of excuses.
29:40 What founders do become the culture
🎯 Key Takeaways for quick navigation:
00:03 ❓ *Sam Altman répond aux questions sur la conférence précédente, soulignant l'importance de l'interaction et du feedback pour clarifier les concepts.*
00:31 📈 *Il conseille de se fier à ses instincts pour identifier les marchés à croissance rapide, une compétence particulièrement aiguë chez les étudiants.*
01:35 🔥 *Pour éviter l'épuisement en tant que fondateur, Altman recommande de persévérer malgré les difficultés et de s'appuyer sur un réseau de soutien.*
02:33 👥 *La session aborde l'importance cruciale des cofondateurs et de la gestion de leur relation pour la survie des startups.*
03:35 🚫 *Altman met en garde contre la sélection hâtive des cofondateurs, une erreur fréquente chez les étudiants, soulignant l'importance de choisir des partenaires de confiance.*
04:37 🤝 *La majorité des entreprises à succès de YC ont plusieurs cofondateurs, indiquant une préférence pour les équipes plutôt que les fondateurs solos.*
05:35 🌟 *Altman recherche des cofondateurs "inébranlables et ingénieux", comparant idéalement leur profil à celui de James Bond.*
06:34 ✨ *Il souligne l'importance de choisir des cofondateurs résilients et calmes, en plus d'être intelligents.*
07:36 📉 *Pour les premières embauches, Altman conseille d'éviter de recruter autant que possible, mettant l'accent sur l'efficacité et la réduction des coûts.*
08:36 ⚠️ *Il met en garde contre les conséquences d'une première embauche médiocre, souvent désastreuse pour la startup.*
09:38 🏆 *Les premiers employés doivent adhérer pleinement à la mission de l'entreprise, une culture instaurée par Airbnb.*
10:39 💪 *Le recrutement est présenté comme une tâche difficile mais cruciale, nécessitant une attention particulière et un engagement de temps significatif.*
11:42 🌟 *Altman conseille de consacrer jusqu'à 25% de son temps au recrutement une fois que ce processus est activé.*
12:40 🚫 *Il met en garde contre les embauches médiocres qui peuvent empoisonner la culture d'une startup, surtout dans les premiers stades.*
13:42 🌍 *Altman recommande de chercher des candidats à l'extérieur de la Silicon Valley pour échapper à la compétitivité féroce du marché local.*
14:41 🧠 *Il suggère de privilégier l'aptitude et l'adhésion à la mission plutôt que l'expérience pour la plupart des premiers rôles dans une startup.*
15:44 🤝 *Travailler sur un projet rapide avec un candidat est conseillé pour mieux évaluer ses compétences et son adéquation.*
16:44 🗣️ *Les compétences en communication sont soulignées comme un indicateur clé pour des embauches réussies.*
17:44 🐅 *Altman utilise le "test animal" pour illustrer la nécessité d'embaucher des personnes exceptionnelles dans leur domaine.*
18:45 💰 *Il critique la réticence des fondateurs à attribuer des parts d'équité généreuses aux premiers employés, un investissement souvent payant.*
20:14 📊 *La rétention des employés est cruciale, nécessitant de les faire se sentir valorisés et de développer des compétences de gestion chez les fondateurs.*
21:16 🙌 *Altman conseille de célébrer les réussites de l'équipe et de prendre la responsabilité des échecs pour renforcer la motivation et la cohésion.*
22:41 🔥 *Il insiste sur la nécessité de licencier rapidement en cas de mauvaise performance ou de toxicité dans l'équipe.*
23:40 💡 *En cas de désaccord interne, il recommande de se tourner vers les utilisateurs pour des décisions éclairées.*
24:37 💼 *La discussion sur la répartition des parts entre cofondateurs doit se faire tôt et de manière équitable pour éviter des conflits futurs.*
25:37 🧐 *Concernant l'embauche de personnes inexpérimentées, il souligne qu'elles peuvent souvent trouver un rôle adéquat dans l'entreprise avec le temps.*
26:36 ⚖️ *L'importance d'avoir une clause de vesting pour les cofondateurs est soulignée pour gérer les départs potentiels.*
28:32 🛑 *Altman déconseille fortement les équipes de cofondateurs à distance, en particulier dans les premières étapes d'une startup.*
29:36 🚀 *La clé de l'exécution réussie d'une startup réside dans un engagement intense et soutenu, et non dans de simples idées brillantes.*
30:41 📋 *Les cinq rôles principaux du PDG d'une startup sont énumérés, avec un accent particulier sur la définition de la barre d'exécution.*
31:10 🎯 *La focalisation et l'intensité sont présentées comme des composantes essentielles de l'exécution efficace, nécessitant de déterminer les bonnes priorités.*
32:12 🎖️ *Altman conseille de définir des objectifs clairs et de communiquer régulièrement ces priorités à toute l'équipe.*
33:14 📌 *Il soul*
Made with HARPA AI
completed till 35:10
I am 36 years old. I feel like I am staying fairly up-to-date with technology. But based on the start of this video, it seems that only young people can participate in startups, since they are young students and can "just trust their instincts". Are middle-aged or older people not allowed in startups? Are we useless? Perhaps I should abandon my plan to help "the cloud" evolve its distributed and open future. Maybe I should retire and become a greeter at Walmart.
maybe you should calm down, he's talking at a university to STUDENTS. What do you expect? or maybe you should retired and become a greeter at Walmart. It's your call.
Sam Cambridge Ageism is a real issue in the startup world. The audience for this presentation is not limited to the people in that room. There wasn't a single word about techniques for identifying growing markets other than the comment about young people's instincts. This is actually a very important question not only for the startup scene but for society in general. The tone and content of my comment highlights the seriousness of this issue. Pretending that we shouldn't be overly concerned about these issues doesn't make them go away.
*****
Well, they plan from the start to post it on youtube. So I believe that statement reflects his actual beliefs about startup founders needing to be young and about market identification being instinctual.
Regardless of whether that is the case, there is a larger discussion. Rather than focusing on exactly what was intended by that statement, the issue of ageism in the startup world needs to be recognized and addressed. Its true that older people have advantages. It may also be true that they have disadvantages. But whether they do in fact have disadvantages or not, that is certainly part of the perception and operational framework of Silicon Valley.
Jason Livesay While I think these lectures are amazing and super resourceful I think it's also important to realize that Sam's views are not always the same as Silicon Valley. Not everyone agrees with each other or thinks the same way. Saying that, Sam never said that anyone older than 30+ should just call it quits now. Look at Elon Musk, he's 43 and he's accomplished more in this month than I think I could accomplish in a lifetime.
Here's Unreasonable Institute's take on the ageism myth-- point 2: bit.ly/ZuuEpe
***** Thanks, great points. That link does help to clarify the reality that startups aren't all founded by young people. One minor thing to point out about your wording. You say the "ageism myth". Of course ageism isn't a myth, it is a real problem like classism and racism. I think you meant to say something like "the myth that only young people can found successful startups."
Who is still up?
18:43
17:28 Did Sam pronounce "manically" correctly??? o.O
+Wei Mira Yes he did. The spelling was wrong in the presentation. The root word is "maniac" so the correct version of the word is "maniacally"
John Lopez Ah ok thank you so much for taking the time to answer my question John lol
15:04
Is anyone creating any OpenAI based startup ?
how to hire the best initially when you dont have money to pay them ?
Did you start your company yet? If you don't have the funding, keep it diy for a while where people will want to start working for you or atleast for cheap. Or get some funding first with your diy product.
Inspire them
Is anyone here after Ranveer Alabadhia's TRS podcast with Pratham Mittal?
Yes
how equity works can anyone write down in easy words