Naval Ravikant: Stay small until you’ve found a repeatable business model

You know, entrepreneurs inherently are independent, strong willed, forceful people. And so it's unlikely that a great entrepreneur is going to be the same person who sits in a class and gets instruction on how to build a lean startup and follows it line by line. So I encourage you not to get caught up in movements or, you know, instructional movements or details or memorization or terminology, but I think you can take a lot from the lean startup movement, and I give them a lot of credit for basically saying, stay small until you figure it out what's working. Steve Blank, who teaches at Stanford and started Epiphany among many other companies, he defines a startup very nicely. He says a startup is a search for a scalable and repeatable business model. And so what you're really doing is you're searching, and until you found that business model that you can repeat and you can scale, you should stay very, very small and very, very cheap. So I think that right there tells you a lot about the lean startup movement and what you can take from it.