The Naval Podcast – Accountability Means Letting People Criticize You

Check out Naval’s Episode Page & Show Notes

This podcast clip is part of a 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

  • Common failure modes and misunderstandings when applying advice from Naval’s “How to Get Rich (without getting lucky)” tweet storm
    • Accountability does not mean being successfully accountable – it means you have to stick your neck out and be willing to fail publicly and let people hate on you
    • You don’t need to be an entrepreneur to apply leverage and specific knowledge – you can start by applying them in your existing career
    • This tweet storm does NOT only apply to tech entrepreneurs
      • “It’s just the nature of leverage that technology drives leverage, so I’m going to push you in a technology direction to get the free leverage available in tech”
  • “90% of people are dead. There are a lot of people who are living on a dollar a day. Do you live on a dollar a day? No. It’s up to you to play the hand that you’re dealt the best of your ability.”
  • Wealth creation is NOT fundamentally at odds with an environmentally safe and healthy planet
  • “A lot of nonprofit efforts would actually be better served by for-profit companies because then they wouldn’t have to go begging for grants all the time. They would be financially sustainable.”
    • Great founders realize their philanthropic visions by running a business
  • “One of the reasons I’m less active on Twitter lately is because every tweet summons an army of nit pickers and haters and it gets exhausting, but on the other hand, you have to learn how to ignore them”
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