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Naveen Jain

👤 Person
284 total appearances

Appearances Over Time

Podcast Appearances

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

Once you give them the intellectual curiosity, that is the thirst they will, rest of their life, they will actually find their own water and they will drink it because they are thirsty. And the thirst comes from this intellectual curiosity that what if that something was possible.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

Once you give them the intellectual curiosity, that is the thirst they will, rest of their life, they will actually find their own water and they will drink it because they are thirsty. And the thirst comes from this intellectual curiosity that what if that something was possible.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

And how do you create the intellectual curiosity is learning for them to challenge everything that they take it for granted. Just like I say as a non-expert. Ilana, if your kids were to say, mom, mom, look at such a beautiful blue sky. Normally, most parents will say, oh, amazing, you're right, it's such a beautiful blue sky.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

And how do you create the intellectual curiosity is learning for them to challenge everything that they take it for granted. Just like I say as a non-expert. Ilana, if your kids were to say, mom, mom, look at such a beautiful blue sky. Normally, most parents will say, oh, amazing, you're right, it's such a beautiful blue sky.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

But your job at that point, what if you were to say, you know, the sky doesn't really exist. The sky is not a physical thing. It is simply a figment of our imagination. And by the way, the blue color, There is no blue color. It is simply the electromagnetic waves that come to our retina. They go to our mind and we actually interpret these colors. And by the way, the dog may not see the same color.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

But your job at that point, what if you were to say, you know, the sky doesn't really exist. The sky is not a physical thing. It is simply a figment of our imagination. And by the way, the blue color, There is no blue color. It is simply the electromagnetic waves that come to our retina. They go to our mind and we actually interpret these colors. And by the way, the dog may not see the same color.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

The bat may not see the same color. Other species don't see the same color. The color doesn't really exist. We create the colors in our own mind. The reason I mentioned that is not about to teach them about the science. It is about for them to know something they are seeing with their own eyes, something they are absolutely certain about. Even that can be wrong. Everything can be questioned.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

The bat may not see the same color. Other species don't see the same color. The color doesn't really exist. We create the colors in our own mind. The reason I mentioned that is not about to teach them about the science. It is about for them to know something they are seeing with their own eyes, something they are absolutely certain about. Even that can be wrong. Everything can be questioned.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

Everything can be questioned, right? And once you do that, it starts to change their perspective on everything they see in life. They can say, what if that was wrong? What if we could do it differently? What if that was not true, right? And that is the intellectual curiosity why kids go out and challenge everything.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

Everything can be questioned, right? And once you do that, it starts to change their perspective on everything they see in life. They can say, what if that was wrong? What if we could do it differently? What if that was not true, right? And that is the intellectual curiosity why kids go out and challenge everything.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

Just to give you an idea, I still remember during COVID, we worked together and said, dad, I want to start this company where people can pay their rent on a credit card and reward them for a rent And what if there was no charge when you put the rent on a credit card? What if there was no charge? And I said, uncle, what are you thinking about?

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

Just to give you an idea, I still remember during COVID, we worked together and said, dad, I want to start this company where people can pay their rent on a credit card and reward them for a rent And what if there was no charge when you put the rent on a credit card? What if there was no charge? And I said, uncle, what are you thinking about?

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

The way credit card company makes money is when you put money, they charge you two and a half percent to the merchant. That's how they make money. But dad, you are the one who told me, what if that's not true? What if we can actually convince them that they don't have to make money on that way? And I said, uncle, you're right. Why don't you go to give it a shot?

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

The way credit card company makes money is when you put money, they charge you two and a half percent to the merchant. That's how they make money. But dad, you are the one who told me, what if that's not true? What if we can actually convince them that they don't have to make money on that way? And I said, uncle, you're right. Why don't you go to give it a shot?

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

And he literally started this company based on the thought that what if you don't have to charge on a rent? And MasterCard said, you know what? There are $700 billion in the country that I spend on a rent and we get zero. So we're not going to lose anything. And we're going to completely waive the credit card fees for that. And we will charge the money for everything else, but not for it.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

And he literally started this company based on the thought that what if you don't have to charge on a rent? And MasterCard said, you know what? There are $700 billion in the country that I spend on a rent and we get zero. So we're not going to lose anything. And we're going to completely waive the credit card fees for that. And we will charge the money for everything else, but not for it.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

So that allowed him to rethink that just because that's how it is doesn't mean that's how it needs to be. The second part, really, Ilana, and then I'm going to stop here, would be, you know, our kids were very, very young when I created my first company, Infospace. The company went on to become a $40 billion company. And our kids were under 10 years old.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

So that allowed him to rethink that just because that's how it is doesn't mean that's how it needs to be. The second part, really, Ilana, and then I'm going to stop here, would be, you know, our kids were very, very young when I created my first company, Infospace. The company went on to become a $40 billion company. And our kids were under 10 years old.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

And the three kids under 10 years old, most parents would say at that time, oh my God, I've had success now. I'm going to spend time with my young children. Imagine what would have happened if I did that. And if I say, I'm going to spend time with my young children. And most people say, you know, such a great dad who is now quitting everything and spending time with the children.

Leap Academy with Ilana Golan
Naveen Jain: Turning Audacious Ideas Into Life-Changing Innovations | E66

And the three kids under 10 years old, most parents would say at that time, oh my God, I've had success now. I'm going to spend time with my young children. Imagine what would have happened if I did that. And if I say, I'm going to spend time with my young children. And most people say, you know, such a great dad who is now quitting everything and spending time with the children.