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Chapter 1 - Lecture 1

Before You Raise Money

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Description:

Naval Ravikant is an entrepreneur and angel investor, a co-author of Venture Hacks, and a co-maintainer of AngelList. Previously, he was a co-founder at Genoa Corp (acquired by Finisar), Epinions.com (IPO via Shopping.com), and Vast.com (largest white-label classifieds marketplace). Hes also invested in many companies, including Twitter, FourSquare, DocVerse (sold to Google), Mixer Labs (sold to Twitter), Jambool (Social Gold), SnapLogic, PlanCast, Stack Overflow, Heyzap, and Disqus.

In this talk, Naval Ravikant goes through what you need to know before you raise money. He starts with the high-level strategy such as what makes a killer team, what type of markets interest investors and how to ensure you have product/market fit. Then he teaches how to create a high-concept and elevator pitch to entice investors and ensure they understand your business quickly. Finally, he talks about how financing has changed in the last 2 years.