The Swyx Mixtape cover image

Groups Never Admit Failure [Naval Ravikant]

The Swyx Mixtape

00:00

Groups Never Admit Failure

A group would rather keep living in a mythology of we were oppressed than ever admit failure. I was on the board of a foundation that was charged with giving out money for a cause, and i found it very disillusioning. Because there is no objective feedback, because there is no loss, it's all social profit, they couldn't fail. And eventually, of course, such groups run on money. You want to change the world to a better place, the best way to do it is for profit. Ironically, four profit entities are more sustainable than non profit entities.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app