AngelList
AngelList's logo | |
Screenshot Screenshot of AngelList | |
Type of site | Entrepreneurship, Startups, Investments, Recruitment |
---|---|
Available in | English |
Owner |
Naval Ravikant and Babak Nivi Venture Hacks, Inc. |
Subsidiaries | Product Hunt, Republic, CoinList |
Website | https://angel.co |
Commercial | Yes |
Launched | April 22, 2010 in San Francisco, CA |
AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups.[1][2] Created in 2010, the platform has a mission to democratize the investment process and to help startups with their challenges in fundraising and talent.[3][4] It started as an online introduction board for tech startups that needed seed funding.[5] Since 2015, the site allows startups to raise money from angel investors free of charge.[5][6]
History
AngelList
AngelList was founded in 2010 by serial entrepreneur Naval Ravikant and Babak Nivi. Using the traction from the Venture Hack blog on entrepreneur financing, Naval and Babak started a list of 25 investors with whom they would share interesting companies to invest in.[1] They announced the list as “AngelList” in 2010, with the subscription of 50 investors.
Naval Ravikant
Naval Ravikant studied computer science and economics at Dartmouth. He later co-founded Epinions - a consumer review site, and Vast - a classified-ad marketplace. During his brief work with Benchmark Capital and August Capital, a complaint was filed regarding Epinions’ financial affairs. This inspired him to start the “Venture Hack” blog in 2007 with Babak Nivi.[7][8][9]
Mission & Operations
AngelList aims to democratize the investment process. Business Insider dubbed AngelList the “Match.com for investors and startups”.[10] In a recent interview, Naval Ravikant wants more “innovation on [the] infrastructure for innovation itself” by helping startups with money, talent, and customers.[11]
AngelList’s Syndicate facilitates startup financing with accredited investors. AngelList Jobs connect talents with startups. AngelList’s acquisition of Product Hunt will allow more support for startups with customer generation and product launch.[12][13][14] AngelList Syndicates allow startups to raise money from accredited investors investing alongside prominent angel investors.[15][16][17][18][19]
AngelList launched Jobs - its recruiting portal in 2012.[20][21]
In late 2012, AngelList launched a portal for accelerators and incubators to accept and manage applications from startups to their programs.[22] At opening, AngelList accepted applications for 500 Startups, TechStars Boston, and AngelPad. Other accelerators, like Rock Health, accept applications exclusively through AngelList.[1][23][24]
In 2013, AngelList received a no-action letter from the SEC, allowing the operations of its Syndicates platform. FundersClub also received such a letter in the same period.[25][26]
In July 2016, AngelList launched - a spinoff addressing the democratization of startup equity crowdfunding with non-accredited investors.[27][11]
In November 2016, AngelList acquired Product Hunt.[12][13][14] Naval plans to build Product Hunt further in “helping companies find their early customers.”[11]
In October 2017, CoinList - initial coin offering services for startups and accredited investors - spun off from AngelList.[28]
Involvement in the JOBS Act
In mid-2012, Naval Ravikant and Kevin Laws were active in Washington in his support for the JOBS Act.[7][8][29] He was in discussion with “Senate and Congressional staffers, Steve Case, and influential Congressmen that would listen.”[30] During the same period, he organized an online petition that attracted 5,000 signatures on a letter to Senate leaders in support of the Act.[8][31] Later in 2013, Naval Ravikant wrote a letter to the SEC to object changes in the JOBS Act that he believed "could create disastrous unintended consequences for the startup community."[32]
See also
References
- 1 2 3 Davidson, Andrew (May 17, 2013). "Follow the money: AngelList has blown open early-stage investments". WIRED. Retrieved 2018-05-03.
- ↑ Stone, Brad (January 17, 2014). "AngelList, the Social Network for Startups". Bloomberg.com. Retrieved 2018-05-03.
- ↑ Empson, Rip (April 21, 2012). "The Power Of AngelList Revealed In Its New Look: 978 Deals, 48 Acquisitions – TechCrunch". TechCrunch. Retrieved 2018-05-03.
- ↑ Rao, Leena (December 15, 2012). "AngelList Raising A Big Round, To Be Valued at $150 Million Or More – TechCrunch". TechCrunch. Retrieved 2018-05-03.
- 1 2 Primack, Dan (November 13, 2014). "A disruptor shakes up angel investing". Fortune. Retrieved 2018-05-03.
- ↑ Hardy, Quentin (March 31, 2015). "Angel Investors Lend Expertise as Well as Cash". The New York Times. ISSN 0362-4331. Retrieved 2018-05-03.
- 1 2 Timoner, Ondi (October 7, 2013). "How Naval Ravikant Risked It All To Pull The Veil Back on Venture Capital". Huffington Post. Retrieved 2018-05-03.
- 1 2 3 Halperin, Alex (March 24, 2014). "Silicon Valley's Avenging Angel". Fast Company. Retrieved 2018-05-03.
- ↑ Carter, Stinson (October 25, 2016). "A Day in the Life of Naval Ravikant". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-05-04.
- ↑ Gobry, Pascal-Emmanuel (November 2, 2011). "The Way Companies Are Getting Financed Is Completely Changing". Business Insider. Retrieved 2018-05-03.
- 1 2 3 Loizos, Connie (May 19, 2017). "Naval Ravikant hints at future plans for Product Hunt and adding secondary trading to AngelList – TechCrunch". TechCrunch. Retrieved 2018-05-04.
- 1 2 Geron, Tomio (December 19, 2016). "Angels Muscling In on VC Turf". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-05-04.
- 1 2 Wagner, Kurt (December 1, 2016). "AngelList has acquired Product Hunt for around $20 million". Recode. Retrieved 2018-05-04.
- 1 2 Konrad, Alex (December 1, 2016). "AngelList Acquires Popular Tech Discovery Site Product Hunt To Go After Startup Jobs Search". Forbes. Retrieved 2018-05-04.
- ↑ Eldon, Eric (July 28, 2013). "Angels Get Carry For Helping A Startup Raise Money With AngelList Syndicates – TechCrunch". TechCrunch. Retrieved 2018-05-03.
- ↑ Carlson, Nicholas (September 30, 2013). "The Startup Investing World Got Turned On Its Head Over The Weekend, And VCs Are Freaking Out". Business Insider. Retrieved 2018-05-03.
- ↑ Willis, Tyler (June 29, 2014). "An angel investor's ultimate guide to AngelList Syndicates". VentureBeat. Retrieved 2018-05-03.
- ↑ Baehr, Evan (Jan 23, 2016). "Profit From A Profile On AngelList – TechCrunch". TechCrunch. Retrieved 2018-05-04.
- ↑ Shin, Laura (January 27, 2016). "Blockchain Capital Closes $13M Second Fund; Offers $1,000 Investments In Syndicate". Forbes. Retrieved 2018-05-04.
- ↑ Sloan, Paul (September 5, 2012). "AngelList attacks another startup pain point: Legal fees". CNET. Retrieved 2018-05-05.
- ↑ Terdiman, Daniel (August 16, 2012). "AngelList launches talent recruiting portal". CNET. Retrieved 2018-05-05.
- ↑ Griffith, Erin (November 16, 2012). "AngelList now powering applications for incubators like TechStars Boston, AngelPad". Pando. Retrieved 2018-05-05.
- ↑ Rao, Leena (February 26, 2013). "Startup Accelerator Rock Health Now Accepts Applications Exclusively Through AngelList – TechCrunch". TechCrunch. Retrieved 2018-05-05.
- ↑ Hoque, Faisal (January 15, 2016). "Do Accelerators And Incubators Serve Themselves Better Than Startups?". Fast Company. Retrieved 2018-05-05.
- ↑ Lawler, Ryan (March 31, 2013). "As Crowdfunding Takes Off, SEC Greenlights AngelList's Investment Platform – TechCrunch". TechCrunch. Retrieved 2018-05-03.
- ↑ Doyle, Dentons-Rani (April 19, 2013). "FundersClub: what does the SEC's no-action relief really mean? | Lexology". Lexology. Retrieved 2018-05-03.
- ↑ Dodson, Claire; Richardson, Nikita (August 8, 2016). "Updates From Our Most Innovative Companies". Fast Company. Retrieved 2018-05-04.
- ↑ Kokalitcheva, Kia (October 10, 2017). "CoinList spins out of AngelList". Axios. Retrieved 2018-05-04.
- ↑ Coren, Michael J. (May 16, 2017). "AngelList is funding the minor leagues of venture capital (and giving founders $500,000 to start)". Quartz. Retrieved 2018-05-04.
- ↑ Khazan, Olga (2012-03-27). "With passage of JOBS Act, Steve Case, AngelList founder and others look forward to a less-regulated start-up world". Washington Post. ISSN 0190-8286. Retrieved 2018-05-03.
- ↑ Khazan, Olga (April 1, 2012). "JOBS Act aims to simplify start-up fundraising". Washington Post. ISSN 0190-8286. Retrieved 2018-05-03.
- ↑ Constine, Josh (August 17, 2013). "AngelList Tells SEC New Fundraising Rules Will Kill Startups – TechCrunch". TechCrunch. Retrieved 2018-05-03.