Founder of AngelList, author of the How to Get Rich series
Naval Ravikant started Venture Hacks, wrote $50K and $100K checks into Silicon Valley deals, and turned Venture Hacks into AngelList. He calls investing a side job. He is building hardware now, because he wants more technical risk and less market risk. His Twitter bio names truth, love and money, the three things he says he keeps coming back to.
All-In 05:33 05:40 05:56 06:44 07:55 11:22
Strategy
Labor, capital, code and media. The first two need someone's permission. The last two are why the newly rich got rich.
to get rich you know you're gonna need leverage and leverage comes in labor it comes in capital or it can come through code or media but most of these like labor and capital people have to give to you
Naval Ravikant
says you will not get rich renting out your time, and to reach for the permissionless forms, code and media, first. Labor ranks last.
holds that revenue plateaus around seven to ten million the moment the entrepreneur becomes the bottleneck, and that the escape is delegation and systems, which is labor leverage.
Productize Yourself
The entire tweetstorm distills into two words: Productize Yourself. 'Yourself' contains your uniqueness, accountability, and specific knowledge. 'Productize' contains…
The Almanack of Naval Ravikant / How to Get Rich Tweetstorm
The Principal-Agent Problem
A principal is an owner. An agent works for the owner. Their incentives are fundamentally different: the principal wants what is best for the business, while the agent…
Naval Podcast - Principal-Agent Problem: Act Like an Owner
Specific Knowledge Identification
Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else and replace you. Specific knowledge is found by…
How to Get Rich (Without Getting Lucky) Tweetstorm / The Almanack of Naval Ravikant
Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
Foundational distinction for anyone pursuing financial freedom. Wealth generates autonomy; money is a medium; status is a zero-sum game.
How to Get Rich (Without Getting Lucky) Tweetstorm
You will not get rich renting out your time. You must own equity, a piece of a business, to gain your financial freedom.
Hourly or salaried work has a linear ceiling. Ownership provides exponential upside through leverage and compounding.
How to Get Rich (Without Getting Lucky) Tweetstorm
Arm yourself with specific knowledge, accountability, and leverage. Judgment is the fourth critical element.
The four pillars that determine your earning capacity. Missing any one of them caps your upside.
The Almanack of Naval Ravikant
If it feels like play to you but looks like work to others, you have found your specific knowledge.
Career direction and skill development. The intersection of passion and market value is where specific knowledge lives.
How to Get Rich (Without Getting Lucky) Tweetstorm
If society can train you for it, it can train someone else and replace you.
Evaluating whether a skill provides lasting competitive advantage. Trainable skills are commodities; specific knowledge is a moat.
How to Get Rich (Without Getting Lucky) Tweetstorm
When choosing between firms to work with, pick the smallest one possible. The smaller the company, the more everyone feels like a principal.
Vendor selection, hiring, and partnership decisions. Smaller firms have better incentive alignment because ownership is concentrated.
Naval Podcast - Principal-Agent Problem
Seek wealth, not money or status. Wealth is assets that earn while you sleep.
Money is a medium of exchange; status is a zero-sum ranking. Only wealth (income-producing assets) provides autonomy and compounds over time. Pursuing money leads to…
How to Get Rich (Without Getting Lucky) Tweetstorm
Permissionless leverage (code and media) is more powerful than permissioned leverage (labor and capital) for the individual.
Labor requires followers; capital requires investors. Both are gatekept. Code and media can be created alone, scale infinitely, and work while you sleep. The new…
The Almanack of Naval Ravikant
Specific knowledge, accountability, leverage, and judgment are the four pillars of wealth creation, and they are multiplicative, not additive.
A zero in any category zeros out the equation. Improving one pillar multiplies the output of all others. This explains why pure talent without leverage creates modest…
How to Get Rich (Without Getting Lucky) Tweetstorm
