More Words of Wisdom from Sam Altman

by Scott Edward Walker on March 21st, 2017

To Our Clients & Friends: Welcome to our series “Helping Entrepreneurs Succeed.”  Each week, we post our favorite video clip of a successful entrepreneur, investor or business leader on a variety of topics.  This week, we again present Sam Altman, the President of Y Combinator and the former co-founder and CEO of Loopt.

In this solid interview by his brother, Sam shares some words of wisdom for entrepreneurs, including the following:

  • “I think most [founders] give-up… way too early.” (at 0:24)
  • “[Startups] are very hard.  They take a very long time.” (at 0:52)
  • “Most of the founders…that have gone-on to be super successful spent a very long time on their idea when a lot of other people would have given-up.” (at 1:12)
  • “I do think that working hard early in your career to get the leverage and ‘compound interest’ effects is underrated and one of the most valuable pieces of advice that I never got.” (at 3:29)
  • “The only motivation that I’ve seen work for [founders] over a long period of time is enjoyment in what they’re doing and an intense belief that it matters…” (at 4:13)
  • “Burn-out actually comes from failing and things not working. Momentum is really energizing; the lack of momentum is super-draining.” (at 5:36)

I hope you enjoy it.  Cheers, Scott

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