2min chapter

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44: End Games (part 1) | Naval Ravikant

The After On Podcast

CHAPTER

Angelist Financing - What It's Doing

In two thousand and seven, i started a blog with my coather babanivy which was called venture hacks. And the biggest question we used to get was, don't tell me how to ata term sheet. Tell me how to get a term sheet. That's how angels was born. Angelist has funded literally thousands of companies, hundreds of millions of dollars of capital deployed. We also run the largest recruiting site for start ups, at angelist talent where we literally have tens of thousands of companies and over a million candidates. I'm an amateur student of science, read a lot of physics at night, hang out with physicists whenever they'll tolerate me in their presence.

00:00
Speaker 1
Could you give us a quick fast forward over view of what angelist is and what it is doing to change and disrupt the process of financing early stage
Speaker 2
companiesin two thousand and seven, i started a blog with my coather babanivy, which was called venture hacks, and was laying bare the game theory of venture capital to entra paneurs who were raising money. And we wrote a whole bunch of blocg posts on how you negotiate, what terms sheets looked like and so on. And the biggest question we used to get was, don't tell me how to ata term sheet. Tell me how to get a term sheet. And so i'd also raised a small venture fund, and i was investing in a whole bunch of early stage companies. And i was an early investor in twitter and ober and wish and postmates and a bunch of others. I basely took the list of investors that i used to work with, and rather than trying to treat deal flow or company financing as its proprietor resource, i just opened it up and i said, im going to share all my deal flow with you people, and feel free to share back. And that's how angels was born. And a start is a network for ontropener to meet with v c, but eventually we grew into a platform where, to day, you can do financing completely on line, through this product that we have called syndicates, and through angel funds tat are accessible to a credited investor. Angelist at this point has funded literally thousands of companies, hundreds of millions of dollars of capital deployed, and is a large driver of capital into the seed stage financing market place. We also run the largest recruiting site for start ups, at angelist talent, where we literally have tens of thousands of companies and over a million candidates. And we're putting hundreds of people into jobs every week, into start ups. It's mostly a free service. And we also acquired a product hunt, which is the place where companies go to launch their products on line. So it's sort of a ecosystem for start ups to raise money to fine talent to launch their products on line. And then last year, spun out a business called coin list, which is a place where you go to have your legal regulated, high quality i cos and crypto. And i got involved with a lot in crypto currencies a couple of years ago. I loved the intersection of decentralization, the politics of it, the economics of it, the idea that we can have an internet in the future where we don't just have a few gat keepers who run everything. I'm so i've been fascinated with crypto. I'm an amateur student of science, read a lot of physics at night, hang out with physicists whenever they'll tolerate me in their presence. Now,
Speaker 1
when did you start getting interested in the topic of existential risk, or potential catastrophic risks that humanity might face in the nearto intermediate future?

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