American investor and entrepreneur Naval Ravikant was born in India. Ravikant is the co-founder, chairman, and former Chief Executive Officer (CEO) of AngelList. He was born in New Delhi, India in 1974. When he was 9 he migrated to New York City with his family. He is skilled in Python, Javascript, HTML, and C programming.
Education Journey Of Naval Ravikant
Ravikant pursued his higher studies at Stuyvesant High School in 1991. Later he pursued a bachelor of arts degree in Computer Science and Economics from Dartmouth College. During his college studies, he interned at the law firm Davis Polk & Wardwell.
Evolution In Naval Ravikanth’s Career
Ravikanth co-founded Epinions in 1999, which is a platform for consumer product reviews. The platform functions as a space for users to share opinions about products as well as inform potential buyers via peer-generated content. After a couple of years, the website collaborated with Dealtime and rebranded as Shopping.com.
Rebranding was a realization for Ravikanth he learned about the importance of aligning interests among stakeholders, the risks involved with building a company, and also the power of resilience. After this, he independently founded Hit Forge in 2007. Hit Forge is an early-stage venture fund with $20 million in assets. These investment firms supported several tech startups such as Twitter, Yammer, Uber, and others.
Later he co-founded AngelList in 2010 which is a platform that allows startups to connect with angel investors. The platform was introduced to simplify the fundraising process which will be helpful for the upcoming founders who have struggled to access Silicon Valley’s capital.
He possess a different approach towards investing through his early professional journey and all the experiences inspired his broader philosophies on wealth and personal development.
The thoughts he shared through his podcasts, interviews, and tweets about his insights on wealth, life principles, and happiness are compiled in a book which was titled ‘The Almanack’ and it was authored by Eric Jorgenson. The book features Ravikant’s idea of ‘specific knowledge’. He believed that wealth should be achieved by leveraging unique skills rather than pouting constant efforts. He promotes the use of leverage in terms of labor, capital, or technology which will help in maximizing the output.
10 Principles Of Ravikant About Life
- He believed that trading time for money would not bring out true wealth.
- One piece of advice he gives is to play long-term games with long-term people since success is derived from the consistent practice of anything.
- The positive about the internet is it paved the path for a broad range of job opportunities and individuals should try to take advantage of that.
- Study subjects such as microeconomics, psychology, ethics, game theory, computer, persuasion, and mathematics.
- He believes wealth is the foundation for whatever you have in life, so have good sleep that will contribute to your wealth and be followed by the money you earn.
- If you have learned how to sell and build then nothing can stop you.
- Utilizing the knowledge into a product, which can be sold repeatedly can help you to leverage the skills.
- Try to create software that can work while you sleep which doesn’t require constant attention will leverage the scale to a broad range.
- He is following an hourly rate of $5,000 and he suggested that if you need to fix a problem less than your hourly rate then just ignore it.
- Wealth can build in several ways by just writing books and blogs, or recording podcasts and videos.
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The Bottom Line
Naval Ravikant is an Indian-born American entrepreneur and investor who is popular for AngelList and Epinions. Ravikanth co-founded Epinion, which is a consumer review website that allows users to share their opinions and pieces of knowledge with other individuals who share similar interests. After that, he independently founded Hit Forge which supports the biggest tech startups.
Later he co-founded AngelList with Babak Nivi. AngelList is a platform that enables startups to connect directly with angel investors. His vision and perspectives on several topics were compiled in a book and published. The book was authored by Eric Jorgenson.
