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Sam Altman

Entrepreneur interview

25 Apr, 2015

Altman is interviewed by Entrepreneur magazine,

We don’t have any preconceived notions. We don’t know where the next $10 billion company is coming from. They’re all non-obvious. We try to have a totally open mind. I tell the partners our goal is to find as many $10 billion-plus companies as we can, and because that is so restrictive, we have no other restrictions. If we believe a company can be huge, then we’re going to fund it, no matter what their business is…I don’t invest in companies where my mental model is that they need to get themselves acquired in the next few years, or ever,” he adds. “I suspect the companies we’re investing in will go through multiple down periods between now and when they become $100 million companies. Because I think that way, I don’t worry about the cycle.