Venture Capital

Naval Ravikant gives a rare interview on Tim Ferris’ podcast. Naval is the co-founder of AngelList and has invested in more than 100 companies, including Twitter, Uber, Notion, Opendoor, Postmates, and Wish. He has rock star status in startup communities. 

While this interview is not startup focused, there is a lot of valuable content here.

The most important insight is that there is a lot to learn from the frameworks and mindset of uber-successful people like Tim Ferris and Naval Ravikant. Tim and Naval have the right combination of skills, network, and ideas so that they can repeatedly accomplish amazing things. 

Check out Naval’s popular Tweet thread that now has more than 45k retweets.

How to Get Rich Without Getting Lucky

Here are some of the highlights:

“Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.”

 “You’re not going to get rich renting out your time. You must own equity, a piece of a business, to gain your financial freedom.”

“The person who is the best at doing something in the world will get to do it for the entire world through a combination of leverage and distribution, accountability, and specific knowledge.”

“The hard parts are not the learning, it is the unlearning. It’s not the climbing up the mountain. It’s the going back down to the bottom of the mountain and starting over. It’s the beginner’s mind that every great artist, or every great business person has, which is: you have to be willing to start from scratch. You have to be willing to hit reset and go back to zero.”

“Ryan Kuder – the Managing Director of Techstars Anywhere – shared the biggest challenge he’s seen on remote teams, the secret to getting into Techstars, and why Techstars Anywhere is all-in on remote work.”

Techstars is now taking applications for the remote version of their startup incubator. It’s a great opportunity to get some cash, mentoring, and networking to take your company to the next level.

“For Techstars Anywhere, when we think about the founders that are a great fit, it’s people who have a vision about the way the world should look and what their company is in it. They’ve got an ability to share that story and get people on board. They’ve got all of the technical and functional skills necessary to get to whatever the next stage is. And we also look at the market people are working in, the progress they’ve made, and the idea they are working on.”