Naveen Jain is an entrepreneur driven to solve grand global challenges through innovation. He is the founder of several successful companies, including Moon Express, Viome, Bluedot, TalentWise, Intelius, and InfoSpace. Naveen is a director of the board at the Singularity University and the X PRIZE Foundation.
Naveen Jain has been awarded many honors for his entrepreneurial successes, including “Ernst & Young Entrepreneur of the Year,” “Albert Einstein Technology Medal” for pioneers in technology, Recipient of “Ellis Island Medal of Honor,” and many more.
How did Naveen come to be so successful? (0:54)
- Naveen does not define success by how much money you have in the bank but rather by how many people’s lives are positively impacted by what you do.
- Naveen likes to instead focus on what people can learn from one another.
- It’s not just about money. When people start focusing on money, they always end up falling into the same trap.
- If you focus too much on making money, you’re never going to get it. You have to enjoy the process, and that means doing things that you care about.
- After that, everything will start falling into place.
- Naveen grew up poor, never really having a place to eat or sleep, and this shows that anyone can make something of themselves, and it all comes down to finding your true passion or obsession in life.
- You have to find out what you would die for and then live for it, and the money will come.
What did Naveen do to make a positive impact on so many people through his business workings? (5:32)
- Naveen is a firm believer that to have a good life; you need to do a tremendous amount of good first.
- The bigger the problem, the bigger the opportunities. If you can find a product that is will help a billion people, there is nothing that can stand in your way to make an enterprise from it.
- The reason for this is that doing good and doing well are not mutually exclusive.
- That is why Naveen encourages us to focus on the most significant problems currently facing humanity. If you start working on fixing those problems, those are multi-hundred billion-dollar problems.
- So to be a billionaire, you have to solve a $10 billion problem.
- These problems are what humanity should be thinking about; even if you can only solve a tiny part of it, you still make a difference.
- The reason people get so focused on things like money is that they believe in scarcity and that there is only a finite number of what they seek.
- Naveen said, and so forth.
- Naveen used his savings to start his first business, and it turned out quite successful because they tackled a major problem.
- The business was about seven years before smartphones came out around 2003. Naveen had an interview with Leslie Walker in Washington Post about how soon there would be phones you can carry around you.
- That would also have your email, calendar, weather, stocks, and even using your phone to make a payment without a credit card.
- The interviewer did not believe Naveen. But Naveen started a company solely on the premonition that was going to happen, and it did seven years later.
- When you notice a problem, you have to ask yourself if this is the problem everyone wants to solve, and then you know it will have a massive market.
- Once you find the root cause of problems, it becomes straightforward to see the patterns of what you need to do to solve them.
- You don’t have to make the technology yourself. There are plenty of qualified people you can get to make your technology. Your job is to define the problem and the solution clearly.
Moon Express
Moon Express is a company with the mission to redefine possibilities by returning to the Moon and unlocking the many mysteries and resources for the benefit of humanity. Moon Express was the first company to receive U.S. government approval to send a robotic spacecraft beyond traditional Earth orbit and to the Moon.
Resources
Connect with Naveen: LinkedIn
Moon Express: Website
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