How to Angel Invest, Part 2

[iVuDang]

Got a lot of great gems in this one:
- "You want to be right when everybody is wrong. If you’re right when everybody else is right, you’re not going to make much money.
- "You want a team with integrity, otherwise what you have is a smart, hard-working crook that will cheat you. Niceness is a signal that is easily faked. It is not enough of a filter. High integrity is what you want, not niceness."
- "Your team needs to have building and selling. if you’re not building something, you’re selling something."

[heythereitsajay]

Yeaaay! We have been blessed with yet another Naval wisdom! Please do post more often.

[SudeipNair]

Thanks Naval. Discovering your podcast was the best kind of Independence Day memory for me

[olivergilpin]

27:10 - the best founders usually listen to lots of advice and act on little - they have their own clear compass

[olivergilpin]

19:30 - when looking at a founder (or hiring an exec in ones own company most likely), listen to what they will say they will do. Not what you think you can mould them into doing

[cxteplh]

“Diversification is a hedge against a lack of knowledge”

[lastminutespecialist]

Infact all founders also should listen to this.

[AXA]

If I have neither good judgement, nor the ability to trust my own judgement (of my judgement), how can I then be advised (by Naval) to ask someone with good judgment to evaluate my judgement? In other words, if I were able to assess the quality of another's judgment as "good", I could ostensibly employ the same assessment in self-evaluation.

[hariikrishnan]

I think we have to angel invest for the first part

[ewor]

How many pump and dumps have you been involved in?

[discreetninja]

More like u can bet on Elon Musk's SpaceX then Richard Branson's VG