@Naval is Naval Ravikant who is an Indian-American entrepreneur who is the CEO, co-founder, and partner at AngelList. He is credited with the design of the modern business model for early-stage startups.
Naval Ravikant has also created The Clarity Quotient which is an online course designed to help people understand their lives through people that are considered to be wise.
Naval started AngelList, an online platform that connects investors with startup companies. The platform was launched in 2010 and has since helped over 220 companies raise over $2 billion in funding.
Both of these ventures, AngelList and The Clarity Quotient are based on Naval’s fundamental belief that the key to happiness is achieving clarity and alignment between what he calls his three selves: his body self, his mind self and his soul self.
Naval Ravikant’s early life
Naval’s early life revealed a pattern of poor academic performance and skipping grades. He went to high school at Harvard but graduated after a year. In his third year, he dropped out of any university education. He then went on to attend the Stanford Graduate School of Business where he completed his Doctoral Degree in Economics in 2 years under the supervision of Professors Linda Babcock, Professor Leslie John. At Stanford, Naval got interested in behavioral finance and the behavioral economics movement which is essentially the study of irrational behavior.
Naval Ravikant’s Entrepreneurial ventures and Career
Naval is the CEO and founder of AngelList, a platform that connects startups with funding sources. AngelList helps startups raise money to create new products, services, and businesses with the help of angel investors. He is also the founder of Venture Hacks, an information website that helps startup entrepreneurs find resources.
Heroku started in 2006 when it was based on Ruby on Rails–a framework for building Web applications. Vishal Oommen and Naval helped build the Heroku platform. The company would later rebrand to the Unicorn.org which focuses on the platform as a service for developers to develop, test and deploy applications.
As of February 2015, Heroku has announced that it had reached a valuation of $800 million with over 200 employees and $500 million in annual revenue.
In 2013 after selling MailChimp, Naval joined Google as a Director at GV (Google Ventures).
After two years at Google, he left in 2015 and returned to work on AngelList full-time.
In 2010, Naval started The Clarity Project which is a free online course designed to help people find clarity in their lives at work, at home and with their friends.
AngelList is a platform for startups to present themselves to investors and raise money. Naval Ravikant launched AngelList in 2010 based on the concept of “open financial technology” or “OFT”. AngelList has helped hundreds of startups raised over $2 billion in investment till date.
AngelList uses the concept of the syndicate which is a group of people who invest in a startup they believe in. The syndicate allows investors to pool their money and invest together, helping them to get better deals.
Companies on AngelList have raised over $600 million in funding on the platform till date. Investors use AngelList to discover new companies and make personal investments into portfolio companies or networks. AngelList estimates that 75 per cent of U.S. companies are listed on the platform.
Some of the most notable portfolio companies include Airbnb, Instacart, Zenefits and Coinbase.
On February 25, 2018, Naval launched the “Clarity Quotient”, a free online course designed to help people better understand their lives through the stories of people that are considered wise. The best part of the course is that you can choose to learn from one or two people at a time and focus on 2 lessons daily for 2 months.
Naval Ravikants life philosophy
Naval believes that the path to happiness is achieving clarity and alignment between what he calls his three selves: his body self, his mind self, and his soul self.
The three selves fundamentally need one another in order to be happiest, otherwise one can end up feeling like a robot with no emotion or human connection to others. To achieve this kind of mental clarity, Naval follows a lifestyle routine he calls the Three-Body System which helps him balance life within himself almost perfectly every single day.
His body self
Every day, Naval shares with his followers his body self practices. Some habits he shares are meditation, exercise and drinking enough water that you feel full. He also regularly posts photos of his breakfast which includes coffee, berries and scrambled eggs among other things. He also posts visual examples of a well-balanced meal that he likes to eat every week on Twitter.
His mind self
Naval believes that people should cultivate three things: autonomy, mastery, and purpose. If someone has these in his/her life then he/she can be happy. He shares many examples of how he personally applies these concepts into his life every day.
His soul self
Naval believes that the soul self is most important. He often posts on Twitter in which he shares his life philosophies, ideas and thoughts on anything that comes to mind. He also posts articles and videos of people who he considers wise such as Dr. Ron Rothblum or Sir Ken Robinson.
Naval also believes that work must have a purpose, as well as autonomy which means in order to be happy at work one, should have complete control over their work; otherwise, you’ll feel like a slave.
Naval Ravikant Quotes
- “I think we’ve now realized that money is not the most important part of your life. I think what’s most important is going to be your ability to have a good time, to make money doing something you love and not for money, but for purpose. And I have no doubt that in the future people will make more money by doing things they love than they do now from working for money.”
- “I don’t want to be dead when I’m 60. I want to be dead at 90 and have made a huge impact in the world, and I’m not going to do that if my best years are behind me by the time I’m 30 or 40. So, time is of the essence. And I just really believe in myself & my abilities so much that there is no doubt in my mind that I can get amazing things done before I die.”
- “It’s a lot easier to be happy if you truly understand the reality that living a long, healthy life is a once-in-a-lifetime opportunity… If you find yourself getting sad about something, welcome the opportunity to temporarily drop back down into your body self and clarify things. You’ll likely find it’s just sort of emotional roller coasters and you won’t be stuck in them forever.”
- “The reason you’re attracted to the same people you’ve dated in the past is because the last time you were with those people was a good time. The reason you find yourself attracted to those same people again, is because that’s when they were good to you, and they built up your emotional bank account.”
- “The idea that you can just go out there and find your soulmate, or somebody to spend the rest of your life with, is a really dangerous fantasy. You have to go out there and actually earn it. You have to be responsible for creating a life and a family of your own. You have to be responsible for creating that home.”
- “I believe that we’re living in the future now. I think that the world has reached the point where some degree of money is required to get and keep a good job, so at some point we’ll all be working for money. But what will be currency then? Skill? Connections? Food? Love? Commitment? Loyalty? Values you hold true to those you care about or love.
- “There’s no shortage of things to be passionate about. And, if you act on those passions, the returns are so much greater than the effort. This is why I think we work at least 20 hours a week – we’re trying to build up our bank accounts by saving as much time as possible to play with those passions.”
- “If a kid is technically old enough to be your peer, then that kid can get you a job.”
- “If you have a dream, then it’s time to get off your ass and do something about it. You have no excuses. Go live the life you want to live.”
- “You are going to be defined by the actions you take, so start taking actions that define YOU!”