Billionaire Naval Ravikant Provides Keys to Getting Rich

Billionaire Naval Ravikant Provides Keys to Getting Rich

Brian Wang |
February 15, 2019 |

Naval Ravikant (@naval) is the CEO and co-founder of AngelList. He has invested in more than 100 companies, including Uber, Twitter, Yammer, and many others. His current net worth is over $2.2 billion. He is president of Clarium Capital and a managing partner in Founders Fund.

AngelList is a social media site whose mission is to connect startups with investors and investors with each other. The site makes money by taking a carry on all profits from the syndicate.

Naval has invested in Twitter, FourSquare, Docverse, Mixer labs, Jambbol, SnapLogic, PlanCast, Stack Overflow, Heyzap and Disqus.

How to Get Rich (without getting lucky):

— Naval (@naval) May 31, 2018

How to Get Rich (without getting lucky):

— Naval (@naval) May 31, 2018

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.

— Naval (@naval) May 31, 2018

Pick an industry where you can play long term games with long term people.

— Naval (@naval) May 31, 2018

Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.

— Naval (@naval) May 31, 2018

Pick business partners with high intelligence, energy, and, above all, integrity.

— Naval (@naval) May 31, 2018

Arm yourself with specific knowledge, accountability, and leverage.

— Naval (@naval) May 31, 2018

Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.

— Naval (@naval) May 31, 2018

Learn to sell. Learn to build. If you can do both, you will be unstoppable.

— Naval (@naval) May 31, 2018

Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).

— Naval (@naval) May 31, 2018

An army of robots is freely available – it’s just packed in data centers for heat and space efficiency. Use it.

— Naval (@naval) May 31, 2018

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

— Naval (@naval) May 31, 2018

SOURCES – Naval Ravikant, Twitter, Youtube

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