[PreMoney SF 2015] Naval Ravikant: "How Online Investors Can Add Value"

TL;DR

AngelList is thriving and experiencing significant growth in terms of online fundraising and talent matching. The global tech industry is going through a positive phase, but there are concerns about a global liquidity bubble.

Transcript

uh full disclosure we are investors in Angel list it's not at all overvalued it's really great uh if anybody wants to throw some more money at Naval who in the audience please I think it's probably undervalued at two or three billion dollars right now we're we're not at that valuation okay what whatever so what's uh what's happening on angelist do ... Read More

Key Insights

• 🤪 The global tech industry is going through a positive phase, with growth and adoption happening globally.
• 🧑‍💻 The speaker believes in the potential of the tech industry to change the world and create jobs.
• 💵 There are concerns about a global liquidity bubble caused by central bank money printing, which may lead to a downturn in all asset classes.
• 🌥️ AngelList's syndicates and online fundraising are experiencing significant growth, funding a large number of companies every month.
• 🤲 The quality of talent in the industry is varied but trending towards more people getting into technology and starting startups.
• 🐕‍🦺 AngelList's talent matching service has a large pool of companies recruiting and candidates available, facilitating introductions and placements.
• ❓ AngelList is experimenting with various features and offerings, such as funded backers and secondaries, to provide more options for fundraising and investment opportunities.
• 🌍 International investors and institutions are showing interest in AngelList, with some already investing through funds on the platform, and regulatory clearance being sought in other countries.
• 🚨 There is both excitement and caution around emerging trends such as Bitcoin, virtual reality, and wearables like the Apple Watch, with the potential for growth but also uncertainty about their potential.

Questions & Answers

Q: Is the tech industry in a bubble?

According to the speaker, the global liquidity bubble affects all asset classes, and while the tech industry is experiencing significant growth, there is still a risk of a downturn.

Q: How is AngelList doing in terms of statistics and numbers?

AngelList is currently raising around $15-16 million per month through syndicates, funding approximately 30-40 companies. This translates to around $100 million annually.

Q: Is AngelList replacing or complementing venture capital?

AngelList is creating a lot more companies at the seed level, providing more options for venture capitalists to choose from. It complements the traditional venture capital model rather than replacing it.

Q: Is the quality of talent and materials being invested in improving?

The quality of talent and materials is varied, but with more people getting into technology and starting startups, there is an increasing pool of talent to choose from. Overall, there is a positive trend in the industry.

Summary & Key Takeaways

• AngelList is continuing to grow its syndicates and online fundraising, with around $15-16 million raised every month, funding 30-40 companies.

• The tech industry is reaching every industry and consumer, leading to significant growth and GDP growth through technology.

• The global liquidity bubble, caused by central bank money printing, is affecting all asset classes and has the potential for a big downturn.