The Unmistakable Creative Podcast – The Business and Mindset Blueprint of a Billionaire with Naveen Jain

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Key Takeaways
  • “When you stop looking for the approval of others, you can continue to move forward in the things you believe in, rather than constantly looking for someone to tell you that the path you’ve chosen, is the right path.”
  • You only fail when you give up
  • “Success does not come from how much money you have in the bank, success comes from how many lives you’ve been able to improve”
  • If you are not comfortable failing, you’ll never get anywhere worthwhile
  • “Is our education system actually broken? The answer is absolutely not. Our current education system is actually doing exactly what is was designed to do. It was designed to teach us skills, and it was designed for the industrial era, where you needed those skills, and once you learned those skills, you could use them for the rest of your life.”
    • But now it doesn’t matter what skills you learn – more likely than not, the need for those skills will one day become obsolete
    • What’s more important now? – Learning to solve problems and work collaborately
  • Almost every single chronic disease – Parkinson’s Disease, Alzheimer’s Disease, depression, anxiety, obesity, cancer, diabetes…every one of them is simply a chronic inflammation disease
    • The chronic inflammation happens when your gut microbes are not in balance
    • “Food can and should be used as a medicine to modulate chronic inflammation”
  • Some interesting findings from Naveen’s microbiome company, Viome
    • Almost 30% of people cannot digest spinach (so it’s actually harmful for them)
    • People who are vegetarian – their microbes are adapting, so that they can turn carbohydrates into branch chain amino acids (BCAAs), which are a precursor to protein
    • Gut microbes have been found to produce hormones like testosterone and estrogen
  • “Know that when you’re with a person, the time they’re giving you is the most valuable thing they have”
Intro
You Are Who You Surround Yourself With
  • Very rarely, the town in which you are born, has much impact on your life as you grow older
    • As you move forward in the journey of your life, the people you surround yourself with, play a much bigger role in molding you
    • You are the average of the 5 people you’re closest too
  • You are not static – you are dynamic, you’re constantly changing
    • By surrounding yourself with a different group of people, your views on life will most likely change
  • Naveen moved as a kid every 12-18 months
    • “The change became the norm”
    • How does this effect him today? – “Any time I’m put in a new situation or environment, it doesn’t seem daunting. It doesn’t take a lot of effort to get used to, because it’s something I grew up with.”
Stop Looking for the Approval of Others
  • “When you stop looking for the approval of others, you can continue to move forward in the things you believe in, rather than constantly looking for someone to tell you that the path you’ve chosen, is the right path.”
    • You need to trust your gut, and be comfortable in your own skin
Good Parenting Advice
  • Kids always want to make their parents proud, and one of your main jobs as a parent, is to let them know what makes you proud of them
The Times Are Changing
  • Technology today is making it possible for individuals to do the things that only the superpowers could do before
    • With the internet, anyone has the ability to be an entrepreneur and solve the world’s problems
  • Failing used to be doing something, and not having it work out
    • But today – “The definition of failure is simply giving up” – You only fail when you give up
      • Reframe things – Small setbacks serve as stepping stones to your ultimate destination
    • The consequences of failure and taking risks (like starting a business), used to be much more severe – like extreme poverty
      • Nowadays, not so much
Success and Failure
  • “Success does not come from how much money you have in the bank, success comes from how many lives you’ve been able to improve”
  • “Self-worth comes not from what you own, but from what you create”
    • “If you own a lot, but haven’t created anything, you’re a parasite on society. You’re a piece of shit.”
  • “The day you become humble, is the day you know you’ve become successful”
  • If you are not comfortable failing, you’ll never get anywhere worthwhile
    • Example – If an NBA player only shoots 5 baskets and they all go in, he has 10 points. If he shoots the ball 50 times, and only 25 go in, he has 50 points.
  • People who spend too much time thinking about the past, or thinking about the future, people who have hindsight, or are trying to get a lot of foresight, tend to miss out on eyesight, what’s right in front of them.” 
  • “Life is like a heart beat. The only way you know you’re alive is when things are going up and down. If things are going just in a smooth line, then you’re already dead. If your life is completely smooth, you’re just living a zombie life.”
    • The good times don’t last forever, and the bad times don’t last forever
    • You’ll learn a lot more about yourself and the people around you during the tough times
Entrepreneurial Tips
  • When you are putting together an entrepreneurial venture, you want to create a team of people, who are dislike you
    • You want complimentary skill sets – each person doing their own thing, but they trust that everyone else is doing their best to make the team succeed
  • “Most entrepreneurs die from indigestion, rather than starvation”
    • They try to do too much, rather than too little
    • “People win, by keeping the focus” – You cannot open too many battle fronts. You win one battle at a time.
  • Many entrepreneurs get too focused on the underlying tech, rather than the problem they’re trying to solve
    • People try to apply their tech to too many things….anything they can find
    • “If you have a hammer, it’s like you’re constantly looking for a nail, even though it’s not a nail, but you think it’s a nail.”
  • Ask yourself – “What is the problem that is big enough that I want to dedicate my life to”
    • It’s easier to solve a big problem than a small problem – it takes the same amount of effort, but it’s easier to recruit the best talent
    • “It’s really easy to create a multi billion dollar company, if you know the product or service that you’re building is going to help a billion people. It’s really easy to make a billion dollar company, if you’re solving a 10 billion dollar problem.”
  • “Every problem that you see, is simply an opportunity for an entrepreneur to start a great business around it”
Space and Moon Express
  • “All of us are living on this single spacecraft that we call planet earth. Planet earth is just a space craft flying around space.”
    • Imagine if earth gets hit by a big asteroid…or we even destroy earth itself – the species may not survive
      • There is a small chance we end up like the dinosaurs
      • “Unless we want to be ‘that species that did not last’, we have to start thinking about how we become a multi planetary society”
    • This is a company started by Naveen
    • “The problems of living on the moon and the problems of living on Mars, are very similar”
      • A huge temp difference from earth
      • A massive amount of radiation
      • A huge reduction in gravity from earth
Problem Solving Case Studies
  • Problem – Earths lack of fresh water
    • Let’s examine it…
      • Maybe we don’t need to create a nano filter to filter dirty/ocean water
      • Where does most of the fresh water go? – Agriculture
        • Okay, maybe we can create more efficient agriculture (hydroponic, acuaponic etc.), wich would require less water
        • But where is most of the agriculture going? – To feed cattle
          • So let’s start taking stem cells from a cow, and growing only the muscle tissue that people want to eat (why grow the organs people don’t want to eat – eyes etc.)
      • The fresh water problem becomes a synthetic biology problem
  • Problem – The energy crisis
    • Every 90 minutes, more solar energy falls on our planet than we use throughout the whole year
    • Once it becomes cheap/easy to harvest solar energy -“We’ll have so much energy, that it will become free”
      • “What if energy became the next air?”
      • Once you have abundance of free energy, even the dirtiest water can be distilled – this will lead to the abundance of free, clean water
What would Naveen’s version of education look like in the future?
  • “Is our education system actually broken? The answer is absolutely not. Our current education system is actually doing exactly what is was designed to do. It was designed to teach us skills, and it was designed for the industrial era, where you needed those skills, and once you learned those skills, you could use them for the rest of your life.”
    • But now it doesn’t matter what skills you learn – more likely than not, the need for those skills will one day become obsolete
    • What’s more important now? – Learning to solve problems and work collaborately
  • Check out Naveen’s article in Forbes on the education system
  • “What if we had software, that could adapt to how you learn, rather than you having to adapt to how a teacher teaches”
    • The job of the teacher, becomes more of a mentor
    • Naval Ravikant said something similar towards the end of these Podcast Notes
  • We’re taught in school that there’s only one right answer…but that’s almost never the case, and it’s never taught that way
The Healthcare Industry
  • “Once a system becomes big, it to some extent, starts to behave like an organism, and the survival of the organism goes out the window”
  • Everyone in the healthcare system has no incentive to keep you healthy, but every incentive to keep you sick
    • Your doctor only gets paid when you are sick
    • Insurance companies make money when you’re sick
    • The pharmaceutical companies do not want anyone to be healthy
      • They have the mindset – “The best drugs. are the drugs people have to take for the rest of their life”
  • “Our healthcare and pharmaceutical systems have become a parasite on humanity, whose business model depends on keeping you sick”
The Gut Microbiome
  • “From nature’s perspective, we are basically a walking, talking, microbial ecosystem”
  • We have more foreign cells in our body, that human cells
  • Our human DNA only produces about 20,000 genes
    • The microbes that live in the gut, produce about 2,000,000 genes
    • So at best…we’re 1% human
    • AND the gene expression of those 1% genes is controlled by the metabolization of the molecules that the microbes leech into our blood – they change our gene expression
  • “Almost every single chronic disease – Parkinson’s Disease, Alzheimer’s Disease, depression, anxiety, obesity, cancer, diabetes…every one of them is simply a chronic inflammation disease, and the chronic inflammation happens when your gut microbes are not in balance”
  • Naveen’s theory of how humans were created
    • Maybe bacteria created humans as a way to navigate and expand across the world….all while controlling us (after all, the microbiome plays a significant role in controlling our mood, our behavior, and our decision making)
      • 90% of the serotonin we produce originates in the gut
  • The microbiome is influential in determining whether or not you develop cancer
    • It also influences whether or not the chemotherapy works
Viome
  • One of Naveen’s companies
  • They are tackling the problem of all disease originating with the gut microbiome via inflammation
    • “If microbiomes are responsible for chronic inflammation, and chronic inflammation is responsible for all the chronic diseases, what if we can simply modulate the inflammation through diet? What if we knew what the right food is, for each person?”
  • “One mans food is another man’s poison”
    • “There is no such thing as universally healthy food. Food that’s good for me, may not be good for me.”
  • 10s of thousands of people have used the Viome service, and one key finding…
    • Almost 30% of people cannot digest spinach (so it’s harmful for them)
  • The same thing with polyphenols
    • These are in walnuts, pomegranate juice
    • For at least 50% of people, the ellagic acid in the polyphenols are hard on their gut microbiomes
  • Other key findings..
    • People who are vegetarian, their microbes are adapting, so that they can turn carbohydrates into branch chain amino acids (BCAAs), which are a precursor to protein
    • Microbes are producing hormones like testosterone and estrogen
  • “Food can and should be used as a medicine to modulate chronic inflammation”
Intellectual Curiosity
  • “What drives humanity forward is intellectual curiosity, and once you lose intellectual curiosity, you essentially become a zombie”
  • Whether you are a parent, or a teacher, one of your main jobs is to develop a sense of thirst for knowledge within your kids
Naveen’s Morning Routine and Reading Habits
Wrapping Up
  • “If you want to do a small good in the world, you start a non-profit, but if you want to do a large good in the world, you start a for-profit, because unless you are generating profit, you can’t scale”
  • What makes a person “unmistakable”?
    • They are focused on how they make others feel, not what they are saying
    • “People will forget what you say to them, they will never forget how you made them feel”
      • Make others feel valued
      • Make someone else feel like they’re the only person who matters when you’re with them
      • “Know that when you’re with a person, the time they’re giving you is the most valuable thing they have”
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