Altman: Young founders often fail to evaluate whether their market supports a giant company
Sam Altman · Uncut Interview with Sam Altman on Masters of Scale [Audio] · Y Combinator · Feb 23, 2018 · at 4:52
Sam Altman discusses early founder mistakes with Reid Hoffman, noting that founders rarely pause to assess total addressable market size as project teams grow.
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“And then the other thing that I think I got wrong, and 19 year old starting companies often get wrong, is because they evolve fairly organically from projects, you never take the time to realize, like, wow, this has become, you know, all of a sudden I'm running this company with 10 people, and we're doing this, and we've raised all this money, and Do I really believe that this is going to be a market that will support a giant company? And I think there is a checkpoint that where you need several checkpoints along the way where people don't get that enough thought.”
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