AngelList company

Babak Nivi and Naval Ravikant: The Founders of AngelList

Babak Nivi and Naval Ravikant of San Francisco co-founded AngelList, a profitable business and an inventive extension of the venture Hacks, thanks to their expertise in startups and venture capital. Its name was inspired by the internet marketplace Craigslist. It served as a motivating factor for the founders and various investors to actively seek out funding, and it first raised $250,000 as opposed to the $500,000. The site got attention from the founders in the middle of 2010 after acquiring sufficient funding. AngelList became famous and attracted more attention from different media platforms and high ranked venture capitalists as well as angel investors who were amounting to about $18,000.

Recognition of Startups and Investors

In June 2013, various startups had been recognized by the company through profile creation as well recognizing different investors that they desired to encounter. AngelList gave a chance for numerous companies to publish their business profiles only after being accredited by the Securities and Exchange Commission of the United States and by September 2012, it partnered with over 500 startups that were to help in the vetting process of the next incubator program.

Funding Strategies and Sources

AngelList’s desire to raise more funds was backed up by the idea of crowdfunding that enables companies to increase revenues online from their different investors. AngelList was also interested in co-investing as one of its business strategies. Therefore, it obtained funds from various sources that included the AngelList talent as well as the other numerous AngelList’s ancillary services. By December 2012, it was reported in different media platforms that the company was in plans to come up with other rounds of financing and the Forbes magazine at that time indicated that the corporation was getting funding from different venture capitalists like and other investors like Google Ventures. The various sources of financing have provided a substantial flow of revenues for AngelList company.

Work Cited

Nanda, Ramana & Kind, Liz. “AngelList.” Harvard Business School. 2013, pp. 1-26.