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[return to "Ask HN: How did Sam Altman fail upward so well?"]
1. yashap+L7[view] [source] 2023-01-21 23:45:28
>>VirusN+(OP)
He’s just 37 years old, I’d say his accomplishments are pretty impressive for 37!

He dropped out of Stanford in 2005, at 19, to co-found Loopt. Yeah, it ultimately failed, but over 7 years they got 5 million users, raised $30 mil in funding, and were acquihired for $43.4 mil.

He was a YC partner at ~25, YC’s president at ~28, and seemed to do a good job leading it for ~5 years. He’s also been pretty personally successful as an Angel investor.

He was an early investor in OpenAI, left YC a few years ago to become their CEO, and they’ve done extremely well under him.

No, he’s not Steve Jobs, Bill Gates, Zuck, etc., but his accomplishments at 37 are pretty damn good. I’m not really seeing how this is failing upwards?

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2. willia+W9[view] [source] 2023-01-21 23:57:38
>>yashap+L7
Taking seven years to turn $30m into $43m is a worse rate of return than an S&P500 index fund.
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3. SergeA+Vo[view] [source] 2023-01-22 01:51:54
>>willia+W9
I sold my second company for chips, for a price of software and domain name. For couple of years I thought it was a total failure. Then one wise man said that most failed businesses are ending up deep in debt, so exiting net positive is actually is not that bad. Note: we bootstrapped without external investments.
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