The Obsession Signal
Naval found one common trait among founders who build great companies. Early on, they obsess over small decisions. Stuff that seems irrelevant. Details that make you think: why are you wasting time on that?
Naval: They feel like they're laying the bricks and foundations of a skyscraper, so they have to get every little detail right. Sometimes that obsessiveness can drive you crazy — always questioning, tweaking. But when you look back, you realize that's the mark of someone thinking really far forward.
"They feel like they're laying the bricks of a skyscraper. So they have to get every little detail right."
The Flippant Founder
The opposite signal is just as clear. Founders who are casual about decisions. Who take things as they come. Who don't question everything.
They're signaling — maybe to you, maybe to themselves — that they'll sell the company the first chance they get. Or shut down the moment cash gets tight. No staying power.
"People who are flippant about things are often signaling that they'll sell the company first chance they get."
Stick With It
Naval's hit rate as an investor: 1 in 10. Not great. But the winners are so successful they cover everything else.
Naval: Long-term mentality is probably the single most important indicator of an entrepreneur's success. But it's by no means the only thing. This is a very competitive environment. Most startups fail. You just got to stick with it.
"Long-term mentality is probably the single most important indicator of an entrepreneur's success."