The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: AngelList's Naval Ravikant on The Secrets To Success At Seed, Why Micro VC Is The Return of Traditional Series A & Why We Will See The Unbundling Of Traditional VC Brands

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Apr 10, 2017
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ANECDOTE

AngelList's Origin Story

  • AngelList was born from Venture Hacks, a blog explaining venture capital game theory.
  • It started as a community service to distribute deal flow for free to investors.
INSIGHT

Micro VC Returns to Real Series A

  • Micro VC is a return to real series A investing focused on early-stage capital needs.
  • Cheap startup costs now require smaller, quicker checks rather than large traditional VC rounds.
ADVICE

Eliminate Losers, Broaden Portfolio

  • In seed investing, focus on eliminating losers rather than predicting winners.
  • Build a broad portfolio to catch breakout hits, given the power law distribution of returns.
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