YC Lecture 2- Team and Execution(Sam Altman)
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In this lecture, Sam Altman discusses the importance of finding the right co-founder and team members, as well as the role of the CEO in setting the vision and executing on it. He emphasizes the need for focus and intensity, and the importance of maintaining momentum in a startup.
Highlights
- 💡 Young people often have better instincts for identifying fast-growing markets, so founders should trust their own observations and the behaviors of their peers.
- 💡 The choice of a co-founder is crucial and should be based on a long history of knowing and trusting the person. Randomly choosing a co-founder or someone without a strong connection often leads to problems.
- 💡 Founders should dedicate a significant amount of time to hiring the best people for their startup, and they should be generous with employee equity. Choosing the right team members is critical for success.
- 💡 Execution is the most important aspect of starting a company, and founders need to be intensely focused on achieving their goals. They should prioritize growth and momentum in order to keep the company moving forward.
- 💡 It is important for founders to make quick, decisive decisions and to be willing to outwork their competitors. They should maintain a high standard of quality in everything they do and be willing to do whatever it takes to achieve success.
