Startup insights from Naval Ravikant, Michael Seibel, Jack Dorsey, Aaron Levie, and Palmer Luckey

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Today’s insights:

1. Naval Ravikant on why you don’t need to be secretive with your startup idea

2. Former YC CEO Michael Seibel’s 4 hacks for building an minimum viable product (MVP)

3. Jack Dorsey explains why the Golden Gate Bridge inspires the products he builds

4. Box founder Aaron Levie’s advice for startups competing against incumbents

5. Anduril founder Palmer Luckey explains why it has gotten easier to raise money as a defense startup

Naval Ravikant on why you don’t need to be secretive with your startup idea

“You can always recognize the first-timers because they’re too secretive. And you can always recognize the experienced ones because they don’t care. Once you’ve done these a few times, you realize how much execution, difficulty, and risk there is, and how hard it is to get people to listen to you and believe you. Eventually you end up shouting your idea from the rooftops, just in the hope that somebody will actually use the product. So you end up with the opposite problem.”

Full video: GigaOm “Naval Ravikant Talks Entrepreneurship“ (May 2010)

Former YC CEO Michael Seibel’s 4 hacks for building an minimum viable product (MVP)

#1 Timebox your spec. “Your spec is a list of stuff you need to build before you launch. Timebox it. Say, okay, what happens if I want to launch in three weeks? Okay, well the only things that can be on my spec are things I can build in three weeks. That makes your life a lot simpler.”

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