Naval Ravikant’s advice to startup founders: “You only have to be right once”

But that said, you know, entrepreneurial ventures fail all the time. Most of my companies fail. I actually started seven companies and I've launched about 40 or 50 projects over my career. And Angellist is the first one that I would truly say is product market entrepreneur fit for me and might succeed down the road. So it's a low hit rate over your career. But you only have to be right once. It's like your relationships, you only have to get, you only get married to one person, right? Or it's like what you study in school. There's only one set of things you study that stuck with you, that you made a career out of. So you only have to be right once or twice. And so just keep trying, just keep iterating, flow with it, stay open. It helps if you have an ARC or a theme through your life. Like people like Evan Williams I think are always like hammering on the same problem. Publishing, yeah, micro publishing or easy publishing on the web. And so he just keeps hammering the same problem. So he just gets better and better and better at it. So it helps if you have sort of an ARC or a bent to your life and you're not just hopping from sphere to sphere or project to project. But that said, just, you know, a lot of it's market timing and you learn a lot of lessons. You learn, you know, first you learn how to, you do everything wrong, you make a whole set of mistakes probably at your first startup. And the second one maybe you do things right but you do with the wrong people. And the third one you might do with the right people in the right way, but at the wrong time, right? So you learn all these painful lessons and some of it is just dumb luck. How many years did it take you to get to angel hack? How long have you been professional angel list rather to be a professional. I mean I started early for my generation but back then everyone used to start startups later. So my first startup I started when I was 23, I started AngelList when I was 36, I'm now 39. So you know, 13 years. 13 years just pounding at startups non stop, right? Always like I would do my startup during the day, I would have my day job, I would run home at night, I'd brainstorm more startups. You know, I was just in love with it.