20VC: AngelList’s Naval Ravikant on Why Seed Is Not About Picking Winners But Eliminating Losers, Why Micro VC Is The Return of Traditional Series A & Why We Will See The Unbundling Of Traditional VC Brands

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Naval Ravikant is the CEO and a co-founder of AngelList, where the world meets startups either to find great jobs, invest in startups or raise funding. Before AngelList, he co-founded Epinions, which went public as part of Shopping.com, and Vast.com. He is an active angel investor and has invested in more than 100 companies, including more than a few “unicorn” mega-successes. His deals include Twitter, Uber, Yammer, Postmates, Wish, Thumbtack, and OpenDNS, which Cisco just bought for $635 million in cash.

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In Today’s Episode You Will Learn:

1.) How Naval made his way into angel investing and came to found AngelList?

2.) Question from Parker Thompson: How does Naval internalize the power law math and how does that affect his ability to pick the best companies?

3.) Why does Naval believe venture to be a bundle of advice, control and money? How does that affect his thought process surrounding what makes a good investor?

4.) Why does Naval believe we will see the unbundling of VC firm brands and the rise of personal partner brands? How will this affect access to proprietory deal flow?

5.) Question from Jonathan Abrams @ Nuzzel: What is the vision for AngelList? How much further up the funding stack can AngelList go?

Items Mentioned In Today’s Show:

Naval’s Fave Book: Sapiens: A Brief History of Humankind

Naval’s Fave Blog: Farnham Street

As always you can follow Harry, The Twenty Minute VC and Naval on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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