What are common mistakes first time CEOs make?

First-time startup CEOs make a lot of mistakes, mostly due to ignorance. One particularly bad one is misunderstanding or misusing basic financial terms.

Sam Altman in Financial Misstatements
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What are common mistakes first time CEOs make?

Does my company need a board?

Great board members, with a lot of experience seeing companies get built, are the sort of people founders should want thinking about their companies every day. There are a lot of roles where experience doesn’t matter in a startup, but board members usually aren’t one of them.  Board members are very useful in helping founders think big and hire executives.

Sam Altman in Board Members
Does my company need a board?

How do I deal with founder depression?

Most of the founders I know have had seriously dark times, and usually felt like there was no one they could turn to.  For whatever it’s worth, you’re not alone, and you shouldn’t be ashamed. You’ll be surprised how much better you feel just by talking to people about the struggles you’re facing instead of saying “we’re crushing it”.

Sam Altman in Founder Depression
How do I deal with founder depression?