Naveen Jain

So with that, first of all, I want to thank you, Ilana, for hosting me here. You have been an unbelievable mentor to millions of people who listen to your podcast. And the fact that you're dedicating your life to improving other people's life is something that everyone could learn from. So it's not what I'm going to tell you that is going to be important.

So with that, first of all, I want to thank you, Ilana, for hosting me here. You have been an unbelievable mentor to millions of people who listen to your podcast. And the fact that you're dedicating your life to improving other people's life is something that everyone could learn from. So it's not what I'm going to tell you that is going to be important.

It is everyone who is listening to you every single episode. They need to know that your sincere desire to help the humanity, to help everyone who's listening to it, make them better with every guest. You give your time. The most important thing you have in your life, your time to actually doing it for others, someone else. And that to me is so commendable. So my hat's off to you and thank you.

It is everyone who is listening to you every single episode. They need to know that your sincere desire to help the humanity, to help everyone who's listening to it, make them better with every guest. You give your time. The most important thing you have in your life, your time to actually doing it for others, someone else. And that to me is so commendable. So my hat's off to you and thank you.

Ilana, so first of all, every time you start any project, you should ask yourself three questions. Why this? Why now? Why me? And I'm going to explain this to you in very simple things, how you go about doing it. So why this is about, go backward and ask yourself, God forbid, I am actually successful in solving the problem that I set out to solve.

Ilana, so first of all, every time you start any project, you should ask yourself three questions. Why this? Why now? Why me? And I'm going to explain this to you in very simple things, how you go about doing it. So why this is about, go backward and ask yourself, God forbid, I am actually successful in solving the problem that I set out to solve.

Would it help a billion people live a better life? It could be 100 million. It could be 10 million. It could be 1 million. Would it help people's life be better? If you can help a billion people live a better life, you can create a $100 billion company. But you don't wake up in the morning and say, what should I do to create a $100 billion company?

Would it help a billion people live a better life? It could be 100 million. It could be 10 million. It could be 1 million. Would it help people's life be better? If you can help a billion people live a better life, you can create a $100 billion company. But you don't wake up in the morning and say, what should I do to create a $100 billion company?

Making money is simply a byproduct of doing things that improve people's lives, right? And a lot of young people who just don't seem to understand that concept. So I explained to them in a way they do do, which is making money is like having an orgasm. If you focus on it, you're never going to get it. You just have to learn to enjoy the process.

Making money is simply a byproduct of doing things that improve people's lives, right? And a lot of young people who just don't seem to understand that concept. So I explained to them in a way they do do, which is making money is like having an orgasm. If you focus on it, you're never going to get it. You just have to learn to enjoy the process.

So every time you start, whatever it is, ask yourself if you're successful, would it actually move the needle? Would it help lots of people live better life? The second part is why now? So why now has actually two pieces to the puzzle. Number one is,

So every time you start, whatever it is, ask yourself if you're successful, would it actually move the needle? Would it help lots of people live better life? The second part is why now? So why now has actually two pieces to the puzzle. Number one is,

Ask yourself what had changed in the last two or three years but more importantly what do you expect to change in the next three to five years that will allow you to solve the problem at scale in three to five years and this problem could not have been solved five years ago.

Ask yourself what had changed in the last two or three years but more importantly what do you expect to change in the next three to five years that will allow you to solve the problem at scale in three to five years and this problem could not have been solved five years ago.

That means, are you actually intercepting and taking advantage of the technologies that are coming up and actually scaling as the technology, the price performance curve is coming down, rather than using something that already existed five years ago, because then you're going to become commodity by the time you even launch.

That means, are you actually intercepting and taking advantage of the technologies that are coming up and actually scaling as the technology, the price performance curve is coming down, rather than using something that already existed five years ago, because then you're going to become commodity by the time you even launch.

So really understanding what is changing and how do you intercept these technologies that are happening? So if you look in today's world, the cost of sensors are coming down. They're becoming faster, better, cheaper, right? So look in the iPhone, number of sensors that are coming out. You look at AI that has been able to now process this massive amount of data.

So really understanding what is changing and how do you intercept these technologies that are happening? So if you look in today's world, the cost of sensors are coming down. They're becoming faster, better, cheaper, right? So look in the iPhone, number of sensors that are coming out. You look at AI that has been able to now process this massive amount of data.

You look at these cloud computing, that means you can have so much data coming out of the sensors that can be stored and compute for at a very minimal cost, and then using AI to actually be able to make sense of it. So what would you do? So now the question is, if you know this is what is going on, what industry would you disrupt? What is it that you care enough about to do that?

You look at these cloud computing, that means you can have so much data coming out of the sensors that can be stored and compute for at a very minimal cost, and then using AI to actually be able to make sense of it. So what would you do? So now the question is, if you know this is what is going on, what industry would you disrupt? What is it that you care enough about to do that?