Angel investors have arrived in force on the investment scene and are changing the nature of early-stage financings.
Meet Naval Ravikant, Founder of Venture Hacks and AngelList, formerly founder of Epinions and Vast.com. Investor in Twitter, DocVerse (sold to Google), Mixer Labs (sold to Twitter), Jambool (Social Gold), SnapLogic, PlanCast, Stack Overflow, and Disqus.
* Who are the angel investors and how do they differ from traditional venture? * Why are they becoming a bigger part of the investment scene now? * How do you approach angels and raise money from them?
Naval Ravikant is an entrepreneur and angel investor, and a co-author of Venture Hacks. Previously he was a co-founder at Genoa Corp (acquired by Finisar), Epinions.com (IPO via Shopping.com), and Vast.com (largest white-label classifieds marketplace). He has also advised Bix.com, iPivot, and XFire, among others, and invested in many companies, including Twitter, DocVerse (sold to Google), Mixer Labs (sold to Twitter), Jambool (Social Gold), SnapLogic, PlanCast, Stack Overflow, and Disqus.
Naval Ravikant describes the factors that contribute to the increasing importance of entrepreneurs in the venture industry, such as cheaper start-up costs that can allow companies to grow with much less early investment.