58:51Sam Altman describes how he went from a college project to founding Loopt, then joined Y Combinator after trying seed investing and deciding he preferred running companies. He argues that founders should take well-calibrated risks, build products people love, and get close to customers by doing work that does not scale. He explains how YC expanded into new fields and regions, and why clear vision, culture, frugality, and organizational structure matter as an organization grows. The conversation also covers hiring, luck, prioritization, and how Silicon Valley’s startup network may spread to other places.
