Naval Ravikant Investment Style

AngelList is one of Silicon Valley's most famous sites for entrepreneurs to connect with investors. Like a dating site for startups and investors, the platform allows two parties to create real files and communicate with each other. Notable deals that have been completed on this list include Uber, Pinterest, foodspotting and Skillshare. recently, through Skype, Naval Ravikant, founder and CEO of AngelList in Silicon Valley, talked about his investment style and his views on investing in China.

Now that China's investment market is burning up, China's angellist is only a matter of time. At present, with the closest domestic website has angelcrunch, this name is by AngelList and TechCrunch together, look not so original, in addition to 36Tree. What I am most curious about these websites in China is how they respond to the Chinese characteristics of "having a good relationship before you start a business", but at least it can provide a way to connect.

Naval is an entrepreneur and investor who started his own business. According to Crunchbase, he was a co-founder of Genoa Crop (Finisar), epinions.com (via Shopping.com), vast.com (a large white label classified advertising market). He has consulted with companies such as Bix.com, Ipivot and Xfire, and has invested in many companies, including Twitter, FourSquare, Docverse (Google acquired), Mixer Labs (bought by Twitter), Jambool (Social Gold), Snaplogic, Plancast, Stack Overflow, Heyzap, and Disqus.

When I asked him what key elements he was looking for in his early investments, he said he usually made emotional investments because there was really nothing else to judge at that stage. Specifically, he will at least look for one of the following: a unique product that is hard to replicate, a good team, or a model that someone is willing to pay for a product or service.

On the subject of investing in Chinese start-ups, he said he did not know enough about the Chinese market. When investing early, a lot of things are done through relationships and circles, and he doesn't. It's hard for foreign investors to get to know China and build networks in China. Of course, there are exceptions, such as Baidu's early investors Tim Draperof DFJ.

When Ravikant was asked if he wanted to build another start-up and how to build it, he replied that he would first choose the best team and then start a business that he initially loved and believed in. Setting up a start-up business is a tough journey, and he admits that "every day of an entrepreneur is extremely difficult." ”