Naval Ravikant facts for kids
Quick facts for kids
Naval Ravikant
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Ravikant in 2009
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| Born | November 5, 1974 New Delhi, India
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| Education | Stuyvesant High School |
| Alma mater | Dartmouth College (BS) |
| Occupation | Entrepreneur Investor |
| Years active | 1999–present |
| Employer | Davis Polk Boston Consulting Group |
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Naval Ravikant is an Indian-born American entrepreneur and investor. He is the co-founder, chairman and former Chief Executive Officer (CEO) of AngelList. He has invested early-stage in Uber, FourSquare, Twitter, Postmates, SnapLogic, and Yammer.
Ravikant is a recipient of the Edmund Hillary Fellowship. He also co-hosts a podcast.
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Early life and education
Ravikant was born in New Delhi, India in 1974. He moved to New York City with his mother and his brother, Kamal, when he was 9. He graduated from Stuyvesant High School in 1991. In 1995, he graduated with degrees in Computer Science and Economics from Dartmouth College. In college, he interned at law firm Davis Polk & Wardwell.
Career
Naval briefly worked at Boston Consulting Group before heading to Silicon Valley.
Epinions
In 1999, Ravikant co-founded consumer product review site Epinions. They raised $45 million in venture capital from investors, including Benchmark Capital and August Capital. In 2003, Epinions merged with comparison pricing site Dealtime with the approval of Ravikant and the other co-founders that had left the company—even though it meant valuing their shares at zero.
The merged company became Shopping.com which held an Initial public offering (IPO) in October 2004. In January 2005, Ravikant and three of his co-founders filed a lawsuit against Benchmark, August Capital, their co-founder Nirav Tolia who remained at Epinions after his co-founders' departures claiming that—to get their approval for the merger—they were misled to believe that at the time of the merger, the company was worth "$23 million to $38 million", less than the $45 million that they had raised in outside capital, making their shares worthless. The lawsuit was settled in December 2005.
Hit Forge
Around 2007, Ravikant started a $20 million early stage venture capital fund named The Hit Forge. Hit Forge invested in startups including Twitter, Uber and Stack Overflow.
AngelList
In 2007, Ravikant began co-writing a blog called Venture Hacks, which "offered detailed advice on negotiating term sheets, explained which sections mattered, and which provisions were bogus." That blog evolved into AngelList, which Ravikant co-founded in 2010, as a fundraising platform for startups to raise money from angel investors. AngelList also operates Product Hunt. In 2022, AngelList reached a $4 billion valuation. Naval is the chairman and former CEO of AngelList.
MetaStable Capital
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In 2014, Ravikant co-founded MetaStable Capital, a cryptocurrency hedge fund that owned Bitcoin, Ether, Monero and a number of other cryptocurrencies. A June 2017 regulatory filing reported its assets as $69 million. Investors in the fund include Andreessen Horowitz, Sequoia Capital, Union Square Ventures, Founders Fund and Bessemer Venture Partners.
Spearhead.co investment fund
In 2017, Naval launched Spearhead, an investment fund which raised $100m for its third fund to provide founders with $1m each to invest in technology companies as angel investors. The first two classes of Spearhead include founders from 35 companies. Together, these companies are worth over $10B, and four of them are unicorns. The companies include Neuralink, Opendoor, PillPack, Shippo (company), Rippling and Scale. Previous Spearhead leads include Shippo co-founder and chief executive officer Laura Behrens Wu, Scale AI founder and CEO Alexandr Wang and Rippling co-founder and chief technology officer Prasanna Sankar.
Naval runs a short-form podcast at Nav.al and Spearhead.co, where he discusses philosophy, business, and investing. He has also been a podcast guest on The Joe Rogan Experience, The Tim Ferriss Show, Coffee with Scott Adams, The James Altucher Show, Farnam Street , among others.
With Ravikant's permission, Eric Jorgenson curated Naval's tweets, essays, and interviews on wealth and happiness, then published them as a free downloadable book called The Almanack of Naval Ravikant, with a foreword by Tim Ferriss.
Airchat
Ravikant co-founded Airchat in 2023, a social media app. It uses Generative AI and is similar to Instagram stories.
