Naval Ravikant

Naval Ravikant quotes on pricing

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

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1

Physical monopolies (phone company, electric utility) aggregate supply and raise prices. They underpay for demand and make excess profits. Digital monopsonies (search engine, social network) aggregate demand and lower prices. They underpay for supply and make excess profits.

2

Whether hiring or investing, you don’t get the best deal at the best price.

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