Naval Ravikant is an entrepreneur. He is an Indian American. Naval is the chairman and co-founder of AngelList. He is an investor too. Naval has invested in famous companies including Twitter, Poshmark, Notion, Yammer, Uber, Overflow, Postmates and OpenDNS. He has also invested in start-up companies (Unicorn). He also promotes the use of cryptocurrency. Naval is a podcaster. In his podcast he discuss about start-ups, investments and wealth.
Early Life
Naval was born in 1974. New Delhi is his birthplace. He moved to U.S with his family at the age of nine. He studied in Stuyvesant School. He is an alumnus of Dartmouth College from where he was graduated with Computer Science and Economics degrees. He completed his graduation in 2005. He wasinterned at Davis Polk, a famous law firm. After his graduation, he worked in Boston Group.
In an interview he said that books are his friends and he reading is his hobby. He only had a few friends and he was under confident. While studying in college he thought he will become a lawyer in future.
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Career
He co-founded Epinions in 1999. It is a review site for consumer products.Epinions raised $45 mn from August Capital. It merged with Dealtime in 2003. Dealtime is a site for comparison pricing.
After merging, it is renamed as Shopping.com. In 2004, it held an Initial Public Offering (IPO). After its stock market launch, it’s value was $750 million. In 2005, Naval filed a case against August Capital and Benchmark. Case was that Naval and other co-founders were misled and the culprits made them believe that the worth of company is less than $45 million. So, their shares are of no value. Case was settled in 2006.
In 2007, Venture Hacks, a blog was started by Ravikant. This blog gives advice for entrepreneurs. Blog was evolved into a website called AngelList.In 2010, Naval and Babak Nivi founded this website. It is a useful website which helps in fundraising for start-ups. It is also helpful for angel investors. It operates another website Product Hunt. In Product Hunt, users discover different products.
About AngelList, Ravikant said that 100 companies will be created from AngelList in a day.
Another venture by Ravikant is MetaStable. It is a hedge fund for digital currencies. It is founded in 2014. It owned several cryptocurrencies such as Bitcoin and Ethereum. It’s assets are reported to be $69 million. Andreessen Horowitz and Union Ventures are investors in MetaStable.
Naval founded Spearhead in 2017. For third fund they have raised $100 million. They give $1 million each to its founders for investing in other technology companies. Spearhead include 35 founders. Their combined worth is $10 billion. Four companies are unicorns. Opendoor, Rippling and Shippo are some of the companies included in Spearhead.Laura Behrens, CEO of Shippo and Prasanna Sankar, Co-founder of Rippling are leads of Spearhead.
Nav.al& Spearhead.co is a podcast run by Naval. He discusses about philosophy and business in it.
Personal Life
Naval married Krystle in 2013.
Net Worth
His estimated net worth is $65 million. He is the co-founder of AngelList, MetaStable and Epinions. He has investment in many companies. He is the advisor of many organizations.
