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AngelList

  (Redirected from Naval Ravikant)

AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups.[1] Created in 2010, the platform has a mission to democratize the investment process. It started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startups to raise money from angel investors free of charge.

AngelList
AngelList logo.png
Type of site
Investor matchmaking
Available in English
Headquarters San Francisco, US
Subsidiaries Product Hunt
Website angel.co
Commercial Yes
Launched April 22, 2010; 7 years ago (2010-04-22)
AngelList co-founder, Naval Ravikant

AngelList syndicates allow investors to invite other accredited investors to share in the deals.[2]

Contents

HistoryEdit

It was founded in 2010 by serial entrepreneur Naval Ravikant [3] and Babak Nivi.[4]

Nivi[5] was previously an entrepreneur-in-residence at Bessemer Venture Partners and Atlas Venture. He has worked on multiple startups including Songbird, Grockit, and Kovio. Nivi has a BS in Electrical Engineering and computer Science and a Masters in Electrical Engineering and Computer Science both from the Massachusetts Institute of Technology. While at MIT he was a graduate research assistant from 1996 till 2000 where he applied for and received 2 patents. Nivi co-invented the first printed inorganic transistor and is an author of the Science paper “All Inorganic Transistors Fabricated by Printing” [6]

AngelList offers investment syndicates in which startups raise money from accredited investors investing alongside prominent angel investors.[7][8] The company is also looking at equity crowdfunding with unaccredited investors after the passage of the US JOBS Act.[9] Naval cites his own experiences as a serial entrepreneur and the struggles of finding funding, as the impetus for the AngelList platform.

In 2014:[10]

  • AngelList raised $104 million online
  • The platform funded 243 startups
  • 2,673 investors participated

In November 2016, AngelList acquired Product Hunt.[11]

Naval Ravikant was named Angel Investor of the Year by TechCrunch and received a Crunchy award.[12]

NewsEdit

In 2013, AngelList entered into a partnership with CrunchBase, an online tech company database.[13]

As of 2014, AngelList syndicates invested over $100M in US startups.[citation needed]

In February 2015, AngelList launched its UK syndicate counterpart. The syndicate allows individuals to co-invest with early investors in successful billion dollar European startups.[14] UK residents who invest can take advantage of tax breaks through government backed incentives such as the Enterprise Investment Scheme.[14] However, the European regulatory environment has made it difficult for the UK counterpart to operate as the platform planned.

In October 2015, CSC Upshot, a $400M fund dedicated to investing into US startups via AngelList was launched. It is the largest single pool of funds devoted to early-stage startups ever.[15]

See alsoEdit

ReferencesEdit

  1. ^ Lytton-Dickie, Tom (2014-11-08). "The VC running a mini LinkedIn for tech industry funding". Hot Topics. Retrieved 27 November 2014. 
  2. ^ "Ultimate Guide to AngelList Syndicates". Venture Beat. 
  3. ^ "Naval Ravikant". CrunchBase. 
  4. ^ "Naval Ravikant Disruptor". Fortune. 
  5. ^ "His Brand Burnished, Naval Ravikant Plans New Fund with Babak Nivi - PE Hub". 5 November 2010. Retrieved 11 January 2018. 
  6. ^ "Bloomberg" Check |url= value (help). Bloomberg.com. Retrieved 11 January 2018. 
  7. ^ Eldon, Eric. "Angels Get Carry For Helping A Startup Raise Money With AngelList Syndicates". Retrieved 11 January 2018. 
  8. ^ "An angel investor's ultimate guide to AngelList Syndicates - VentureBeat". venturebeat.com. Retrieved 11 January 2018. 
  9. ^ Geron, Tomio. "The Most Influential Angel Investors On AngelList". Retrieved 11 January 2018. 
  10. ^ "Angel List Stats". CrowdFunded Insider. 
  11. ^ Buhr, Sarah (1 December 2016). "AngelList acquires Product Hunt". TechCrunch. Retrieved 1 December 2016. 
  12. ^ Lardinois, Frederic. "And the winners of the 10th Annual Crunchies are…". Retrieved 11 January 2018. 
  13. ^ Eldon, Eric. "CrunchBase And AngelList Have A Partnership". Retrieved 11 January 2018. 
  14. ^ a b "AngelList Launches UK Syndicates". TechCrunch. 
  15. ^ "Coming Soon From China: A $400 Million Bonanza for U.S. Startups". Wall Street Journal.