Sam Altman on why you shouldn’t track absolute user growth in the early days of a startup
“Nothing but a great product will save you; you can get everything else right and it still won’t work.”
He points out that almost all startup founders get the following... See more
How can we better align incentives between founders and funders, and enable more people to build enduring companies with patience, care, and preservation at the center?
Instagram had 13 employees when they were acquired by Facebook for $1 billion. They had 30 millions users at the time.
Mojang (the company behind Minecraft) had 37 employees when they were acquired by Microsoft for $2.5 billion. At that time, Mojang had revenue of about $290 million