I just saw Sam Altman speak at YCNYC and I was impressed. I have never actually met him or heard him speak before Monday, but one of his stories really stuck out and went something like this:
"We were trying to get a big client for weeks, and they said no and went with a competitor. The competitor already had a terms sheet from the company were we trying to sign up. It was real serious.
We were devastated, but we decided to fly down and sit in their lobby until they would meet with us. So they finally let us talk to them after most of the day.
We then had a few more meetings, and the company wanted to come visit our offices so they could make sure we were a 'real' company. At that time, we were only 5 guys. So we hired a bunch of our college friends to 'work' for us for the day so we could look larger than we actually were. It worked, and we got the contract."
I think the reason why PG respects Sam so much is he is charismatic, resourceful, and just overall seems like a genuine person.
Companies can “fail”, for all kinds of reasons, even with perfect execution by the founders. I don’t really know why Loopt failed, but based on sama’s track record since, he is definitely a person who makes a huge impact with whatever he does (even if you think OpenAI hype is overblown, as I do).