categories
HOT TOPICS
- The Accelerator Conundrum
- The Startup Velocity Question
- Platform as a Service
- Man and Superman
- Web 3.0 = (4C + P + VS)
- The Future: End of Capitalism
- Capitalism 2.0
AngelList
Seed Capital From Angel Investors: AngelList Founder Naval Ravikant (Part 9)
Sramana Mitra: These are interesting analogies, using the different schools. You know, even at these schools, the rejection numbers are very high. Naval Ravikant: They have to be. SM: Of 500 deals, maybe five or 10 get accepted. NR: Yes, I heard Y Combinator had 3,000 applications. SM: If you look at the Google search
Seed Capital From Angel Investors: AngelList Founder Naval Ravikant (Part 8)
Naval Ravikant: The combination of inexperienced investors with first-time entrepreneurs is not good. I am going to show you something else just to get my point across very clearly. Let me show you how many investors have applied to get in who haven’t even been processed. So, you see this page [on your computer], right?
1M/1M: How We Will Interface With AngelList
In our recently concluded interview series with AngelList cofounder Naval Ravikant, we discussed how AngelList and 1M/1M will be interfacing. Below, I am synthesizing the discussion. AngelList gets more than 7,000 deals a year at this point, and this is sure to increase over time. According to Naval, more than 95% of these deals are
Seed Capital From Angel Investors: AngelList Founder Naval Ravikant (Part 5)
Naval Ravikant: There are a quite a few companies that still exist organically on the side, and we are trying to push more toward that. We want the entire system to be organic; I don’t want people emailing me and saying, Hey, would you email me out? That is not what we are trying to
Seed Capital From Angel Investors: AngelList Founder Naval Ravikant (Part 4)
Sramana Mitra: OK, so let’s say I want to send you a set of deal flow, screened deal flow, because in One Million by One Million we don’t advise people to apply for investment too soon and without enough traction. The reason is that 99% of deals are rejected by investors. We want our members
Seed Capital From Angel Investors: AngelList Founder Naval Ravikant (Part 3)
Sramana Mitra: OK, so, team, traction, social proof, and product are the four criteria. How do you gauge team? Naval Ravikant: Team is hard; we do not meet the people, so we just look at where they have been and what they have done. If they are at Stanford that helps, or on Facebook. All the usual
Seed Capital From Angel Investors: AngelList Founder Naval Ravikant (Part 2)
Sramana Mitra: How many startups have you funded? I think you said about 200? Naval Ravikant: We don’t know exactly because what happens is … SM: They go offline! NR: Yes, they accept an introduction and they go offline, and there are many cases like that. We had one startup go through recently that said
Seed Capital From Angel Investors: AngelList Founder Naval Ravikant (Part 1)
Some of you have read my recent post AngelList, CapLink and Financing Marketplaces, in which I publicly supported the work Naval Ravikant and others are doing to increase liquidity in the seed capital portion of the market. Following that, Naval and I decided to sit down for a more comprehensive chat. Over the next several
