Naval Ravikant is an Indian-born American entrepreneur and investor. He is the co-founder, chairman and former Chief Executive Officer (CEO) of AngelList.[2] He has invested early-stage in Uber, FourSquare, Twitter, Postmates, SnapLogic, and Yammer.[3]
Ravikant is a recipient of the Edmund Hillary Fellowship.[citation needed] He also co-hosts a podcast.[4]
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.[6]
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.[6] The lawsuit was settled in December 2005.[citation needed]
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.[7][8]
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."[9] 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.[10] Naval is the chairman and former CEO of AngelList.[2]
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.[12] 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.[13] 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.[13]
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.[15]
Airchat
Ravikant co-founded Airchat in 2023, a social media app.[16] It uses Generative AI and is similar to Instagram stories.[16]