Naval Ravikant AngelList and Venture Hacks

What Naval Ravikant, AngelList and Venture Hacks says about topics vital to entrepreneurs

Naval Ravikant Posts – Titles

Naval Ravikant  Posts  – Titles  (4 posts)

 

5 Main Qualities of an Exceptional Startup

Valuation is Temporary, Control is Forever

Social Proof is Powerful

Social Proof:  From “Best to Worst”

Social Proof: From “Best to Worst”

Naval Ravikant angel investor, Co-Founder AngelList and Venture Hacks and former entrepreneur

 “In the AngelList context, social proof, in order of best to worst:

·         A top-tier investor is publicly willing to invest in this round [], and this is either their first investment [], or they are doing more than their "pro-rata" in this round [on the same terms as new investors]

·         A less well known investor is investing under the criteria above

·         A top-tier entrepreneur or advisor is recommending your company and is throwing their time and reputation behind it

·         A less well known entrepreneur or advisor is recommending your company

·         A close relative is willing to loan you their lunch money

·         An investor is choosing not to invest in your company and is making the introduction for you.”  Naval Ravikant, What is good social proof?  Aug. 19, 2010;  http://www.quora.com/Naval-Ravikant/answers/Startup-Advice-and-Strategy

 

Social Proof is Powerful

Naval Ravikant angel investor, Co-Founder AngelList and Venture Hacks and former entrepreneur

“[Ravikant] measure[s] four dimensions [in startups for AngelList]:  Traction, Team, Social Proof and Product.” (AngelList is “a closed private social network [where] startups and angels [come] together.”)

“[] social proof refers to who else is involved [] as an investor and/or advisor. Which person has already given them the thumbs up is really important.  If any one of those people who is associated [with] the company is phenomenal it [the startup] passes the filter [selection criteria] [].

[] Social proof is [] powerful []. [] Get one great person to commit to your startup and you will have more control in raising your round. This is a tactic I have seen many startups use to start a bidding war or get the funding process rolling.”   Naval Ravikant, Naval Ravikant and AngelList: The Match.com of Funding [Interview] by Fatema Yasmine, February 17,   2011;   http://thenextweb.com/entrepreneur/2011/02/17/naval-ravikant-angellist-the-match-com-of-funding-interview/

 

Valuation is Temporary, Control is Forever

Naval Ravikant angel investor, Co-Founder AngelList and Venture Hacks and former entrepreneur

“Venture Hacks’ [] tagline was ‘Valuation is temporary, control is forever.’   It was all about [] mak[ing] sure [the entrepreneur] keep[s] control.  And if [the entrepreneur] ha[s] control then it’s [his] company.  And the day [the entrepreneur] loses control [] [he’s] an employee.”  Naval Ravikant, This Week in Startups: Naval Ravikant of AngelList - TWiST #244 Published on Apr 6, 2012,  @ 1:08 hrs http://www.youtube.com/watch?v=lWfGw7serN0

5 Main Qualities of an Exceptional Startup

Naval Ravikant angel investor, Co-Founder AngelList and Venture Hacks and former entrepreneur

“[Ravikant ] broke down the 5 main qualities of an ‘exceptional startup,’ in the following order:

1. Traction
2. Team
3. Product
4. Social Proof
5. Pitch/Presentation

[] [Ravikant] explained [] ‘Investors are trying to find the exceptional outcomes, so they are looking for something exceptional [],[so] do one thing exceptionally.  As a startup you have to be exceptional in at least one regard.’”

Naval Ravikant, Anatomy of an (un)fundable startup by Babak Nivi on June 22nd, 2011,  Ravikant’s keynote speech at the 7th Founder Showcase Q2 2011;  http://venturehacks.com/articles/unfundable-startup