Smash Notes

Naval

Accountability Means Letting People Hate on You

Misunderstanding accountability, and other mistakes on the path to creating wealth. • Accountability means letting people hate on you 0:00 • The most interesting parts should be the ones you disagree with 1:06 • Get the free leverage that's available in tech 1:53 • Not doing things because other people can't do them is living in denial 2:21 • Realize your…

Transcript

Notes

  1. On Accountability Means Letting People Hate on You, Naval Ravikant says people misunderstand accountability. They think it means you count as accountable only after you succeed. He says it means sticking your neck out, failing in public with your name on the work, and letting people hate on you. He is less active on Twitter because every tweet draws nitpickers, and he says you have to learn to ignore them. He also says you do not have to quit a 9-to-5. Accountability, leverage, and specific knowledge can start inside the career you already have.

  2. If you have such a defeatist attitude, why even get up in the morning? Play the best you can with the hand that you are given? Take the winnings, and grow them.

  3. On Accountability Means Letting People Hate on You, Naval Ravikant rejects the idea that wealth creation is at odds with an environmentally safe planet. He calls the zero-sum version of that story false, and says Elon Musk is not playing a zero-sum game with the environment. The word he borrows from environmentalists is sustainability. A for-profit business is at least financially sustainable, and a B Corp can carry a dual mission. Many nonprofit efforts, he says, would be better as companies, because they would not have to beg for grants. Some founders reach a philanthropic aim by running the business and then deciding what to do with the winnings.

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