Naval Ravikant

Naval Ravikant quotes on business insights

Indian-American entrepreneur and investor. He is the co-founder, chairman, and former CEO of AngelList.

Twitter wisdom in your inbox

Never miss the the top tweets from Naval Ravikant with our email digest.


Working with a friend can cost both a business and a friendship. It can work if the friendship came after working together. It won’t work if the friendship came before and competence is merely assumed.


All systems insulated from feedback from free markets or natural forces eventually get corrupted.


The product is the résumé for the team.


A firm is just a "nexus of contracts." Payroll contracts with employees, profit contracts with shareholders, debt contracts with lenders, delivery contracts with customers, tax contracts with the state. Blockchain-based "smart" contracts will eventually reinvent the firm.


There’s no investment where money works as hard as it does in a tech startup. Driven founders, leveraged with code, capital, media, and intellect, sweating every dollar spent. An enlightened society would educate investors, not restrict them.


If you don't own a piece of a business, you don't have a path towards financial freedom.


The Internet replaces mid-sized businesses with network-effect based monopolies, each hosting a long tail of creators. We’ll end up with one town hall, one social network, one video host, one music label, one taxi dispatcher, one big-box retailer. Antitrust law is obsolete.


Time spent honing the pitch is better spent working on the product. Good investors use your pitch to size you up, not to understand or appreciate the business.


Large companies don’t actually have a resource advantage over startups. Venture financing has become very efficient and a startup that cracks distribution will attract all the talent and money that it needs.


If you're capable, you can do business with sharks. But the attitude and habits that you develop will scare away honest partners later.


The business world has many people playing zero sum games, and a few playing positive sum games, searching for each other in the crowd.


Businesses with strong network effects have always subsidized early adopters. Now, with tokens, they can outright pay early adopters.


Scaling a company via code and contracts instead of via people mitigates the Principal-Agent problem. Scaling via community-generated code and content mitigates Hayek’s Local Knowledge problem.


Value is seeping out of the venture business and into public blockchains where, ironically, individuals can play but VC funds cannot.


Write your next business plan in code.


Ignore the noise. The market will decide.


The advanced concepts in a field are novel, less proven. We use them to signal insider knowledge, but we'd be better off nailing the basics.


The higher compensated the salesperson, the more of a commodity they are selling.


If your fact-checking proposal is well designed, then it should first be run by your enemies. Stress-test your instrument of control.

Get the top tweets via email

Never miss the the top tweets from Naval Ravikant with our email digest.

Get the Naval Ravikant email digest

Twitter wisdom in your inbox