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Naval Ravikant and Nick Kokonas (#737)


This episode is a two-for-one, and that’s as a result of the podcast just lately hit its 10-year anniversary and handed one billion downloads. To have fun, I’ve curated among the better of the perfect—a few of my favorites—from greater than 700 episodes over the past decade. I couldn’t be extra excited. The episode options segments from episode #97 “Naval Ravikant — The Individual I Name Most for Startup Recommendation” and episode #341 “Nick Kokonas — The way to Apply World-Class Creativity to Enterprise, Artwork, and Life.”

Please take pleasure in!

Bios of friends could also be discovered at tim.weblog/combo.

Hearken to the episode on Apple PodcastsSpotifyOvercastPodcast AddictPocket CastsCastboxYouTube MusicAmazon MusicAudible, or in your favourite podcast platform.

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Transcript of the complete Naval Ravikant episode | Transcript of the complete Nick Kokonas episode | Transcripts of all episodes

#737: Naval Ravikant and Nick Kokonas


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What was your favourite quote or lesson from this episode? Please let me know within the feedback.

SELECTED LINKS FROM THE EPISODE

SHOW NOTES

  • [04:34] Notes about this supercombo format.
  • [05:53] Enter Naval Ravikant.
  • [06:05] On uncompromising honesty.
  • [08:05] What Naval appears for when deciding to put money into a founder.
  • [11:03] Really useful studying from outdoors the startup world.
  • [18:38] Who Naval considers profitable.
  • [21:02] Cultivating non-judgmental consciousness.
  • [26:08] The way to exchange dangerous habits with good habits.
  • [29:31] Naval’s recommendation for his youthful self.
  • [32:01] Naval’s billboard.
  • [35:46] Enter Nick Kokonas.
  • [36:05] Is strain Nick’s default setting, or are perceived dangers an phantasm?
  • [36:55] How do behavioral economics and Richard Thaler affect Nick’s method?
  • [41:38] Nick’s transition from philosophy to finance; was philosophy an asset?
  • [42:43] Why Nick’s professor gave him shorter assignments than classmates.
  • [44:57] Nick’s introduction to buying and selling; dumbing down lecturers for clerk job.
  • [46:42] Why philosophy majors typically grow to be merchants.
  • [47:19] Why Nick is glad he didn’t pursue an MBA in 1992.
  • [48:41] Why Nick thinks his professor singled him out from his friends.
  • [52:52] Really useful books for aspiring entrepreneurs with out philosophy background.
  • [57:31] Did being a Merc clerk meet Nick’s expectations?
  • [1:00:02] How Nick adopted his father’s entrepreneurial mannequin in buying and selling.
  • [1:04:38] Why Nick left his mentor after a 12 months to begin his personal firm.
  • [1:05:41] How Nick and workers educated to quicken psychological agility for buying and selling.
  • [1:08:17] The second Nick realized he may thrive in buying and selling.
  • [1:09:02] Really useful sources for turning into a greater investor.
  • [1:11:22] Nick seeks out “excessive, small hoops” for funding dangers.
  • [1:14:00] Do companies fail on account of troublesome mannequin or lack of due diligence?
  • [1:16:55] When and why Nick determined to enter the restaurant enterprise.
  • [1:18:26] The dinner resulting in Nick and Grant Achatz’s partnership.
  • [1:27:52] Why Nick selected to open a restaurant out of many dangerous choices.
  • [1:30:33] How Nick spots expertise early that others discover late.
  • [1:34:07] Questioning restaurant conventions like candles and white tablecloths.
  • [1:37:09] A now-famous chef was Alinea’s first buyer.
  • [1:38:03] Nick and Grant wouldn’t let designers override their concepts.
  • [1:38:47] How Nick contributed successfully as a restaurant trade newcomer.
  • [1:14:19] Why Nick was “horrified” when Alinea received Finest Restaurant in 2006.
  • [1:43:50] Grant’s most cancers prognosis; writing a guide and revolutionizing reservations.
  • [1:45:28] Conventional restaurant reservation programs and Nick’s enhancements.
  • [1:57:17] Bickering at press dinner; avoiding Subsequent turning into “Disneyland of delicacies.”
  • [2:02:14] Reservation software program issues; variable pricing primarily based on day of week.
  • [2:05:48] The second Nick realized “That is the perfect factor I’ve ever constructed.”
  • [2:07:41] Why the reservation system’s rewards have been well worth the uneven dangers.
  • [2:10:16] Utilizing Marimekko charts to visualise restaurant and sponsorship information.
  • [2:16:57] The following trade Nick needs to disrupt: truffles.
  • [2:18:55] Illuminating black bins.
  • [2:26:24] Self-selection of job roles; how Nick’s hiring course of has modified.
  • [2:32:01] Methods Nick makes use of to deal with lots of e mail.
  • [2:37:43] Significance of participating on social media, even when unable to answer all.
  • [2:39:35] What “puzzle” filters and mini-hurdles in correspondence accomplish.
  • [2:40:36] Evaluating similarities between the music and publishing industries.
  • [2:49:55] The company downside as one other black field.
  • [2:54:58] The Hembergers, The Alinea Mission, and the upcoming unbiased Aviary E-book.
  • [3:01:42] A quick dialogue about cocktails.
  • [3:05:42] Books Nick has gifted most and the way he personalizes presents.
  • [3:08:10] Nick’s billboard.
  • [3:09:49] Parting ideas.

SELECTED LINKS FROM THE EPISODE

Join with Naval Ravikant:

Naval Podcast | AngelList | Web site | Twitter

Join with Nick Kokonas:

The Alinea Group | Tock | Twitter | Instagram | Fb

PEOPLE MENTIONED

The Tim Ferriss Present is one of the preferred podcasts on the planet with multiple billion downloads. It has been chosen for “Better of Apple Podcasts” 3 times, it’s typically the #1 interview podcast throughout all of Apple Podcasts, and it has been ranked #1 out of 400,000+ podcasts on many events. To take heed to any of the previous episodes totally free, take a look at this web page.



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