20VC: AngelList CEO, Avlok Kohli on WTF is Going On in Venture Capital; Seed Round Pricing Will Remain High, Series B & C Has Gone Completely, Downrounds Are Coming | Why Defensibility is BS on Day 1, Why Market is More Important Than Founder & Why Being First To Market Doesn’t Matter
Posted on 24th April 2023 by Harry
Avlok Kohli is the CEO @ AngelList. Under his leadership, Avlok has taken AngelList from an SPV provider to a company that is becoming the software platform for the entire industry. Today, AngelList supports over $15BN in assets and 40% of US unicorns have had a GP invest in them through AngelList. Prior to becoming CEO @ AngelList, Avlok founded 3 companies, all of which were acquired including by the likes of Square and eBay.
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In Today’s Episode with Avlok Kohli We Discuss:
1. From 3x Founder to Scaling AngelList to $15BN in AUM:
How did Naval convince Avlok to join AngelList and be CEO?
Does Avlok believe in startups having defensibility in the early days?
How important does Avlok believe it is for companies to be “first to market”?