entrepreneurship

"You’re going to get to be entrepreneurial in this company and the day the
you’re ready to go start your own next thing I’m going to support you. I’m never going
to get in the way of you starting a company. But this can be a good place for you to
learn how to build a good team and build a good culture, how to find product-market
fit to perfect your skills and meet some amazing people while you figure out exactly
what it is you’re going to do, because positioning, timing, deliberation, are very
important when starting a company."

Should you go for venture capital money?

First build a product, then get a customer, then get friends and family money (or money from revenues which is cheapest of all) and then think about raising money, But only then. Don’t be an amateur.

Craig Newmark emailed his friends every day about events happening in San Francisco.

They would share his emails. Soon he was sending thousands of people emails.

Only THEN did he build a website (Craigslist). When he knew there was demand. Now it’s worth billions.

What’s the best thing do for a new client?

Overdeliver for the first 100 days

If an acquirer asks me why I want to sell, what should I say?

That you feel it would be easier for you to grow in the context of a bigger company that has experienced the growing pains you are just starting to go through. That 1 + 1 = 45.

Breakthroughs

1. When you watch a bear in a circus you think interesting but not that much, when you watch someone on a unicycle you think the same, but when you see bear on a unicycle that very interesting. When youre combined things youre not supposed to combine ppl get interested.

Happiness

"A happy person isn’t someone who’s happy all the time. It’s someone who effortlessly interprets events in such a way that they don’t lose their innate peace." -

@naval

Love this way of thinking Happiness =/= Pleasure Happiness = Peace

To me peace is happiness at rest and happiness is peace in motion. You can convert peace to happiness anytime you want.

Politics

Nassim Nicholas Taleb

@nntaleb

The division in politics can be summarized as between + Embedded, complexity-minded, multiscale/fractal localists (politics as an ecology/complex adaptive system) + Abstract one-dimensional universalists & monoculturalists (politics as a top-down engineering project)

Bitcoin

Bitcoin.

Cytuj Tweeta

Rainmaker

@Rainmak94871701

· 25 lut

@naval what is the end game of all the money printing?

Desire

"Desire is a contract you make with yourself to be unhappy until you get what you want"

SO JUST DON'T FOCUS ON MORE THAN ONE DESIRE AT A TIME. THE UNIVERSE IS RIGGED IN SUCH A WAY THAT IF YOU JUST WANT ONE THING AND YOU FOCUS ON THAT YOU WILL GET IT BUT EVERYTHING ELSE YOU GOTTA LET GO

Naval

Vocation

Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.

Building specific knowledge will feel like play to you but will look like work to others.

Naval

Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.

The most accountable people have singular, public, and risky brands: Oprah, Trump, Kanye, Elon.

If you can't code, write books and blogs, record videos and podcasts.

Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.

Become the best in the world at what you do. Keep redefining what you do until this is true.

What building skills are most relevant these days?

1

Naval

@naval

·

4 lis 2018

Engineering and design.