tech
Sam Altman says Paul Graham and Peter Thiel taught him a key lesson about investing
OpenAI CEO Sam Altman said that he learned "the best investment opportunities are almost never the ones that look really popular."
TL;DR
- Sam Altman credits Paul Graham and Peter Thiel with teaching him the value of investing in unpopular opportunities.
- He believes that truly spectacular success in investing comes from deviating from popular trends.
- Altman compares the guidance startup investors provide to that of a flight instructor, emphasizing hands-on help.
- The scramble for compute resources after developing GPT-4 reminded Altman of early-stage startup fundraising challenges.
- Securing necessary resources, like compute, often involves facing numerous rejections before finding a few crucial 'yeses'.