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Why is the tech industry in the SF Bay Area? Naval: My thesis is, at the time the tech industry was forming, the key people who were forming it were wealthy, creative, capable, worked in small teams, and were remote. So they looked around and said, “What’s the best part of the country to live in that isn’t already taken over by somebody else?” I'm not even sure they thought it through that explicitly, but they voted with their feet. And once they’d gotten here, path dependency took over.
Airchat611,473 views • 2 years ago
.Naval on maximizing wealth: Join the full conversation here: “The best investment you can make is in yourself. Use your money to buy time, increase your knowledge, and acquire tools that help you grow. Flexibility and mobility are crucial at a young age, so prioritize opportunities that enhance your skills and adaptability over locking yourself down with a house. Consider high-potential investments wisely, but always keep learning and stay adaptable.”
Airchat106,984 views • 2 years ago
.Naval on Finding Technical Co-founders Join the conversation: "It's getting harder and harder because these days those people just go and start their own company. So what do you bring to the table that a good technical co-founder would not have? That's number one. And that would either mean you have some particular deep insight and relationships into a market and you have capital because you've got to bring a lot to the table because you're not creating the product anymore. Or secondly, you have to have a relationship that's pre-existing. You worked together before at some company or you've gone to school together. Outside of those cases, it's incredibly hard to recruit a quality technical co-founder. And I'm not even sure you're in a position to start a company. This is why so many companies come out of universities or come out of the Bay Area because there you're just very likely to have business founders and technical founders next to each other. The business founders at least have enough technical experience that they can properly evaluate the technical co-founder. And then the business founder has to hustle and raise money, recruit people, have a vision, have a customer base, have a market ready to go, and have proven themselves. And now lots and lots of other things to balance out the skills a technical founder brings to the table. There are now more successful cases of solo technical founders starting companies than there are of solo non-technical founders starting companies. So it is an uphill climb. I'm not going to sugarcoat it for you.”
Airchat14,487 views • 2 years ago
.Naval on Gaining Specific Knowledge Join the conversation: “Read the absolute smartest people and don’t fill your brain with anything else. And then, don’t just view this as information that you have to memorize and regurgitate. Really try to understand the core points and form a cohesive framework in your head of whether what they’re talking about is true or not and how it all fits together. The point of reading is to learn, inquire, understand, comprehend, not to memorize, absorb, regurgitate, parrot, or anything of the sort.”
Airchat10,410 views • 2 years ago
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