Naval Ravikant on the most valuable advice he’s received

I ignored it. It's the same one that everyone who's been in the business for a long time and has a lot of gray hairs tells you. And it's true in any business. By the way, you'll hear the same advice, whether it's Warren Buffet telling you about public investing, or whether it's experienced venture capitalist telling you about private investing, or an older entrepreneur telling you about starting a company. And they all tell you it's the people stupid. And everybody goes uh huh. They nod and they don't really understand what that means. And you figure that out 10 years later once you've worked with enough of the wrong people. So what I usually say is that you should find a great partner no matter what it is that you're doing. And you should look for someone who is very high intelligence, very high energy and very high integrity. And you need all three of those and you can't compromise on any one of them. Otherwise you'll end up with either someone who's not smart, which does you no good, or someone who's not hard working, which also does you no good, or the worst case is you end up with a smart hard working crook who ends up working against your interests. And integrity is something that takes a lot of time spent with someone to figure out.