The average seed and early stage deal is falling in size and this probably isn’t bad for the venture business. So says AngelList co-founder Naval Ravikant, who offered his deal pricing forecast during on-stage interview at the 500 Startups Demo Day.
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You don’t often hear venture capitalists talking about the world’s biggest crowd-funding site, Kickstarter. But maybe they should.
Floodgate’s Maples claims financial innovation could have a democratizing effect on the business in the next five years, but says details are hard to anticipate. “I just wish I knew what it was right now.”
Trigger, which offers a mobile development framework specifically targeted at web developers rather than existing mobile teams, has raised $1 million in seed round of funding. Funds have been raised through AngelList. Investors include Paul Graham, SV Angel, 500 Startups, Russ Siegelman, Steven Walske, RightVentures, Venture51 and John Taysom. PRESS RELEASE New service, Trigger, today [...]
Since AngelList emerged on the scene eight months ago, many have speculated how its founders, Naval Ravikant and Babak Nivi, plan to monetize the service, which vets startups for accredited investors. In June, the Journal even speculated that beyond giving the pair access to companies they might personally want to fund that AngelList helps them to “indirectly market” guides to negotiating a funding round that the two authored some time ago.
Yesterday, Ravikant told me that his ambitions are unsurprisingly more substantial than selling “$10 PDFs” that they also “give away liberally.” Indeed, three years after Ravikant raised a $20 million, social media-focused fund from investors called Hit Forge, he and Nivi are looking to raise a new fund “in the range” of $40 million next year. “We’ll see how much money people throw at me,” he says with a laugh.
For a brief period on Friday afternoon, Quora, the Benchmark-backed question-and-answer site, went down, and the digerati lit up with Twittersphere with questions about when the service would be reinstated. The answer, it turned out, was quickly.
Still, given Silicon Valley’s love of Quora, it’s unsurprising that one of its most popular question-and-answer threads in recent weeks has centered on: What do people think of AngelList?
Turns out the list, created by the “advice site” for entrepreneurs, VentureHacks, is considered indispensable, according to the 55 people who’d responded to the question as of this afternoon, many of them well-known investors like Dave McClure and Jon Callaghan of True Ventures.
It’s not surprising, given that the directory of more than 100 angels includes many of their likes, dislikes, and how best to reach out to them — information the investors provide in return for exclusive information about startups that have been vetted by VentureHacks itself. The feedback is worth reading all the same.
Because it’s so extensive, I’m publishing just the first five answers from respondents, but take a look at the original thread if you have time.