The rise of angel investors is part of a substantial, structural shift in power in Silicon Valley. Entrepreneurs have gained influence, prominence—and leverage. At the same time, more angels investors have entered the market, and the VC industry has been slow to adapt to the changing landscape. Who’s winning now, and who’s losing? What are the results, and why are they important?
In this session, we’ll look at the trends and why they’re significant.
Naval Ravikant is a serial entrepreneur and the founder of Hit Forge, an angel fund for social media startups. He is also currently the Chairman of Vast.com and a Director at Mercantila, Qubescape, and Hive7. Previously, he has co-founded Chainn Inc. (a large Facebook economy developer), Epinions (acquired by Ebay as part of Shopping.com) and Genoa Corporation (acquired by Finisar). He is an investor in SocialMedia Inc., Twitter, WeGame, and many others. He also advised XFire (sold to Viacom) and Bix (Sold to Yahoo!) His personal blog is at Startupboy.com, and he is also a co-author of Venturehacks.com.