Naval Ravikant

Naval Ravikant quotes on competition

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

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1

Your company may not be in the software business, but eventually, a software company will be in your business.

2

Every institution that distributes money, power, or status eventually becomes corrupted. Democracy and free-market capitalism work by enforcing constant competition between political and economic institutions. The faster the turnover, the lower the corruption.

3

Escape competition through authenticity.

4

No one can compete with you on being you. Most of life is a search for who and what needs you the most.

5

Sophisticated foods are bittersweet (wine, beer, coffee, chocolate). Addictive relationships are cooperative and competitive. Work becomes flow at the limits of ability. The flavor of life is on the edge.

6

Tech companies will eventually displace the majority of the Fortune 500. Competing without software is like competing without electricity.

7

Internet connectors of simple user-gen digital content (SoundCloud, Patreon, YouTube, Twitter) are vulnerable to decentralized competition.

8

Most people instinctively understand most game theory and play it rationally. The real lesson is that your opponents are playing it too.

9

ASICs corrupted the game theoretical design of Bitcoin by creating an oligopoly where perfect competition was intended.

10

When competing against the incumbent, better to focus on what they won't do rather than what they can't do.

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