Take a very small amount of money, your throwaway money, treat it as if it’s already gone, you’ve mentally set it on fire, and put it in some distribution of a few truly legit layer 1 blockchains. Naval Ravikant Read Quote
People come in. They are too gung ho. They invest too much money in things they don’t know. They lose it and then they clam up and stop investing. Then they miss the actual boom. That’s the nature of the market. Naval Ravikant Read Quote
If you go to a venture firm, what you’re doing is you’re buying money from them in exchange for equity. They have a commodity that they’re selling and they have to differentiate themselves. Naval Ravikant Read Quote
Our mission is to help founders and anyone or anything that helps founders helps us with our mission. Naval Ravikant Read Quote
ICOs are obviously a new and interesting form of funding for blockchain-based protocols, but it’s not clear that all of them comply with U.S. securities laws or that all of them are companies that have good native use cases for new coins. Naval Ravikant Read Quote
There’s so much innovation going on, and there are lots of people funding that innovation, but there’s very little innovation on that infrastructure for innovation itself, so we like to do that ourselves to help companies create more tech companies. Naval Ravikant Read Quote
I think it just helps to be very aware that fundamentally, there are no adults. Everyone is making it up as they go along. You have to find your own path, picking, choosing, taking and discarding as you see fit. Naval Ravikant Read Quote
All of the marketplaces like Prosper, LendingClub, etc., as they get larger, they flip from being retail capital to institutional capital. Naval Ravikant Read Quote
We just think it’s important that everybody have some technical training and background. Even though not everybody is coding but even our deals team and our designers all have GitHub accounts and they go into the code base. Naval Ravikant Read Quote
