If a company is profitable, the founder is in control. If it's not, investors are in control.
Sam AltmanRead
Starting a business is like riding a wave between life and death. If you can hang on long enough, you're bound to succeed
Interpretation
Starting a business is a risky endeavor that requires perseverance, but success will come to those who persist.
This quote emphasizes the precarious nature of entrepreneurship, likening it to riding a wave that can lead to either failure or success. The metaphor suggests that while the journey is fraught with potential dangers, those who are able to endure and maintain their grip amid the challenges are likely to achieve their goals.
In practice
In a motivational speech about entrepreneurship.
If a company is profitable, the founder is in control. If it's not, investors are in control.
It's so important for startups to get their culture right at the start. They need to feel unique and that they are on their own important mission in the world.
If you have the opportunity to go be an early employee at a company that's just going crazy, and you believe it's the next Facebook or Google, you should go join that company.
Seed investing is the status symbol of Silicon Valley. Most people don't want Ferraris, they want a winning seed investment.
People always make the mistake of calling an idea small or stupid because they don't understand how it's going to evolve.
Technology magnifies differences, and it's been replacing or obviating jobs for a long time. But what happens as that case accelerates? I'm not one of these doomsayers who says, 'There will be no jobs.'
Entrepreneurs make fast decisions and move forward knowing that at best 70% of their decisions are going to be right. They move the ball forward every day. They are quick to spot their mistakes and correct.
The entrepreneurial journey starts with jumping off a cliff and assembling an airplane on the way down.
It's very hard to find someone who's successful and dislikes what they do.
I think luck is the sense to recognize an opportunity and the ability to take advantage of it... The man who can smile at his breaks and grab his chances gets on.
Success in the United States is not an entitlement in China. You have to go there and earn it, and earn it the right way.
Without the element of uncertainty, the bringing off of even, the greatest business triumph would be dull, routine, and eminently unsatisfying.
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