Best quotes by Naval Ravikant on Money

Checkout quotes by Naval Ravikant on Money

• ‟ Money is a bubble that never pops. It's a consensus hallucination.

  - Naval Ravikant
  

• ‟ Cryptocurrency currencies take the concept of money, and they take it native into computers, where everything is settled with computers and doesn't require external institutions or trusted third parties to validate things.

  - Naval Ravikant
  

• ‟ People think about Bitcoin incorrectly. They think about it as currency or about gold or hoarding, speculation, about how much money do you make. When really, what it is is an API for programmable cash transactions.

  - Naval Ravikant
  

• ‟ It's important not to think about Bitcoin as a replacement for cash or gold or something that works alongside that; it's to think of it as programmable money. And we just cannot even imagine what that will be used for.

  - Naval Ravikant
  

• ‟ In an ideal world, you raise a lot of money and then there is a downturn, before you start investing so you get better deals. But it doesn't always happen that way.

  - Naval Ravikant
  

• ‟ We are seeing a lot of cases where the startups are writing the term sheet, dictating the terms, selling common stock instead of preferred stock, where they don't give the investor veto rights or board seat or privileges, and they are really asking the investor -- why should I take your money when there is other money available.

  - Naval Ravikant
  

• ‟ Nation states that are used to imposing capital controls will face a quandary: ban cryptocurrencies and live in the technology dustbin; enable them, and this virus - this religion, this protocol - will enable the free flow of money and language, along with packets, around the globe.

  - Naval Ravikant
  

• ‟ Take a very small amount of money, your throwaway money, treat it as if it's already gone, you've mentally set it on fire, and put it in some distribution of a few truly legit layer 1 blockchains.

  - Naval Ravikant
  

• ‟ People come in. They are too gung ho. They invest too much money in things they don't know. They lose it and then they clam up and stop investing. Then they miss the actual boom. That's the nature of the market.

  - Naval Ravikant
  

• ‟ If you go to a venture firm, what you're doing is you're buying money from them in exchange for equity. They have a commodity that they're selling and they have to differentiate themselves.

  - Naval Ravikant
  

• ‟ VC firms that don't have a brand are going to struggle. Because there is a lot of money out there, you need to have a point of view, a brand, to really add value. You can't just talk about it, and say well, we are smart people.

  - Naval Ravikant
  

• ‟ When the venture industry started, it was enough to just have money and then it was enough to sort of have this big fuzzy brand. But now startups are getting a lot smarter.

  - Naval Ravikant
  

• ‟ Startups are constantly raising money, sometimes before they have even hired a lawyer.

  - Naval Ravikant
  

• ‟ With tech startups, it's all loose-goosie. You raise money as you go, often from friends, family and investors.

  - Naval Ravikant