AngelList: The Right Way To Use It To Raise Funding – with Naval Ravikant

Naval Ravikant, AngelList, Funding, Networking

How can an entrepreneur use AngelList to raise money for a startup?

Many founders in my audience are raising money using AngelList RIGHT NOW. Others have seen my interviews with entrepreneurs like Gagan Biyani who raised funding within a few weeks on AngelList.

They asked me to do a session on how to use AngleList effectively — and even gave me questions they wanted answered. So I went right to the top. To answer those questions I invited Naval Ravikant, the cofounder of AngelList, a community of startups and investors who make fund-raising efficient.

Naval Ravikant

AngelList

Naval Ravikant is the co-founder AngelList, a community of startups and investors who make fund-raising efficient.

 

All right, before we get started, imagine you have an idea for a new product. Maybe it’s a mobile app for students, and you need feedback. Well, you can ask you friends, but few of them are still students, so what do you do? That’s where this site comes in.

AYTM is where you go to have surveys filled out by potential users. They will find the people to take the surveys for you. They will make sure that they’re the right fit for you. So look, you come here and you can specify the income that you are looking for, the gender of your potential customers, you can specify the career, in this case I pick students. You can ask for a specific number of people to complete surveys for you, and then, when you create the surveys, look at how many options you have. Video, you can ask them for feedback on photos of your potential product. You can ask open-ended questions, closed-ended questions, lots of different things that you can do. Finally, you’ll get a report just like...

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