How Does Naval Ravikant Say Someone Actually Gets Rich?

On Naval's episode Give Society What It Doesn't Know How to Get, Naval Ravikant says you will not get rich renting out your time. Society pays you for creating something it wants but does not yet know how to make, then delivering it at scale. He points to oil for John D. Rockefeller, cars for Henry Ford, and the pocket computer Steve Jobs and Apple put in people's hands. Quoting Alan Kay, he says technology is whatever does not quite work yet. The job is to create that thing and scale it until it pays for itself. Uber, in his telling, took the chauffeur from the rich and made a private driver ordinary.

How Can I Make Something People Want

Start as an act of creativity because you want something to exist. Build it for yourself. Then figure out how to get it to other people. First give it to the rich people, and eventually scale to everybody else.

What Is Entrepreneurship

Entrepreneurship is an act of creating something new from scratch, predicting the society would want it, and then figuring out how to scale and get it to everybody in a profitable, and self-sustaining way.

Naval

Give Society What It Doesn't Know How to Get

Society will pay you for creating what it wants, but doesn’t know how to get, and delivering it at scale. - Give society what it wants, but doesn't know how to get—at scale: 0:00 - Figure out what product you can provide and then figure out how to scale it: 0:57 Full show notes and transcript: http://startupboy.com/2019/03/14/product-scale

Transcript

Notes

How Does Naval Ravikant Say Someone Actually Gets Rich?

at 0:11 · Transcript

On Naval's episode Give Society What It Doesn't Know How to Get, Naval Ravikant says you will not get rich renting out your time. Society pays you for creating something it wants but does not yet know how to make, then delivering it at scale. He points to oil for John D. Rockefeller, cars for Henry Ford, and the pocket computer Steve Jobs and Apple put in people's hands. Quoting Alan Kay, he says technology is whatever does not quite work yet. The job is to create that thing and scale it until it pays for itself. Uber, in his telling, took the chauffeur from the rich and made a private driver ordinary.
How Can I Make Something People Want

at 1:52 · Transcript

Start as an act of creativity because you want something to exist. Build it for yourself. Then figure out how to get it to other people. First give it to the rich people, and eventually scale to everybody else.
What Is Entrepreneurship

at 2:28 · Transcript

Entrepreneurship is an act of creating something new from scratch, predicting the society would want it, and then figuring out how to scale and get it to everybody in a profitable, and self-sustaining way.