"What is up SharkNation!

On today's episode, the guys break down "How to Get Rich" according to Naval Ravikant. 

Naval is an Investor/entrepreneur based in the Silicon Vally ecosystem. 

He is the founder of AngelList, a platform that brings investors and entrepreneurs together.

He is known as a philosopher on all things business and produced a "tweet storm" about how to get rich. He then released a 3h+ interview where he explains his prescriptions. 

Luke and Mark take what they think are the best and most actionable points from this interview and break it down for the SharkPod listeners.  

Key Takeaways:

1. Accept business responsibility under your own name. Naval suggests that most people are hiding in the crowd. This is hard wired into the human brain as to fail in front of the tribe produced dire consequences. These day however the risks of danger are low and society rewards those who are the owners of initiatives

2. Play long-term games with long-term people. Naval prescribes looking for industries you can build long term relationships in. This will lead to compound effects in networking and will ensure that everyone involved knows that they should treat you well because they are likely to need you in the future. 

3. Learn to sell, learn to build. Luke and Mark discuss Naval's suggestion that those that can do both are unstoppable and investors are really looking for a mix of the two traits in founders when making investments. 

4. There is no actual skill called business. Naval takes the position that business skills can not be taught by watching. Luke and Mark discuss education and if they would be recommending university to their children. 

5. Leverage. Naval talks about how to use leverage to get rich. Luke and Mark discuss leverage in the internet age and how to develop business ideas at scale. 

If you would like to learn more about the How to Get Rich approach of Naval you can check out his full podcast here:https://www.youtube.com/watch?v=1-TZqOsVCNM&t=3415s.

For feedback: Luke@Shark.ie