The Naval Podcast – Give Society What it Doesn’t Know How to Get

Check out Naval’s Episode Page & Show Notes

This podcast clip is part of an ongoing conversation between Naval Ravikant and Babak Nivi. Unless otherwise noted, quotes are from Naval. For reference, check out Naval’s famous How to Get Rich tweet storm.

Key Takeaways

  • Get rich by giving society what it doesn’t yet know how to get – at scale
  • Money is like an IOU from society for something you did good in the past, that you can use in the future
  • “Society always wants new things and if you want to be wealthy, figure out which one of those things you can provide for society that it does not yet know how to get, but it will want, that’s natural to you and within your capabilities. And then you have to figure out how to scale it.”
  • Creations start as just an act of creativity
    • Then, for a little while, only rich people have it (like a chauffeur)
    • Then it makes its way to everyone (like Uber)
  • “Entrepreneurship is essentially an act of creating something new from scratch, predicting that society will want it, and then figuring out how to scale it and get it to everybody in a profitable and self-sustaining way.”

These notes were edited by RoRoPa Editing Services

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