Old Video Of Sam Altman Saying "Execution Is The Hard Part Of A Business" Resurfaces
Sam Altman”s departure from OpenAI on November 17 was shocking news in the tech world. Even though there were speculations until Monday that Sam Altman would return to OpenAI, the 38-year-old American entrepreneur finally decided to join Microsoft. Sam Altman recently said in an interaction that founders always think they can hire someone else easily to handle the business. However, according to Altman, this fails all the time. The interaction video has resurfaced on social media platforms.
Sam Altman warned us:
“Everyone thinks you can hire someone to do this.”
“That fails 100% of the time.”
A board of directors won”t cut it.
The secret to building a generational company, according to him?
The founder doing this every day: pic.twitter.com/uhQAmx7O9Z
— Brandon Arvanaghi 🐱 (@arvanaghi) November 20, 2023
Sam Altman also said that execution is the hardest part of a business. “These other things happen pretty quickly; if these other things take six months, this is what takes the next nine and a half years,” said the recently sacked boss of OpenAI. Sam Altman also said that the biggest mistake founders make is that they think they can focus on investors and strategy after hiring someone as chief operating officer (COO) to handle the business operations. “Obviously, that fails 100% of the time,” said Sam Altman. He also added that the value gets created over compound execution for several years, and it never gets easier.
Sam Altman also said that people say that most of what being a founder is about is not being in love with creating a product, but instead being in love with creating a firm. Altman said that there is truth in this statement and added, “You shift from the great idea and the great product to great execution, and this is a shift that a lot of founders fail to make.” Brandon Arvanaghi, the co-founder and CEO of Meow, also shared this interaction video on his X handle and wrote, “Sam Altman warned us.”
