Naval Ravikant’s formula for starting companies, Michael Jordan on overcoming disappointment, and the garage where Apple started

Welcome back to the Z Fellows newsletter! Every Monday we share 3 ideas - to help you build companies, ship products, and create your life's work.

1: Naval Ravikant’s formula for starting companies

1. Pick a Great Co-Founder: "You can do a company on your own... but it's like you can in theory raise a child on your own but you probably shouldn't."

   • Find someone with high intelligence, high energy, and very high integrity: "if you get the other two and you don't get the third then you've got a smart hardworking crook who's going to cheat you."

2. Choose a Very Large Market: "Pick something that's very large so you can grow into it."

3. Focus on Space, Not Ideas: "Ideas are almost irrelevant... ideas are worthless. Pick a large space that you're knowledgeable and passionate about and then you will figure out what the right thing to do within that space is."

4. Build Before You Pitch: "Do not go around telling people I have a great idea now give me money. That never works."

Bottom Line: "There are no formulas... you have to do what you love... even though people tell you it'll never work."

Source: https://www.youtube.com/watch?v=rVUMm2Y6xPQ

2: Michael Jordan on overcoming disappointment

“Take a negative and turn it into a positive. Don't be afraid to fail... That's more gratifying than anything.

Disappointment to me - to win, you got to lose. To be successful, you got to have something that's not successful. To be happy, you got to have disappointment.

I think all of those things have evolved and happened to make me who I am and understand the benefits and the privileges I have for being who I am.

Don't wear your reputation, don't wear your accolades, don't wear your personality on your sleeve. Don't hide from it, but don't wear it and rub it in people's faces.”

Source: https://www.youtube.com/watch?v=EUo0ncJX19A

3: The garage where Apple started

Best of The Week

See you next Monday,

- The Z Fellows Team

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