Naval Ravikant of AngelList now a Silicon Valley power broker
Naval Ravikant, 39, is one of the valley's most influential names in the startup game, thanks to his having launched AngelList -- a matchmaking service for startups and funders.
"On AngelList, we get 100 new companies created a day. That's an insane flood," he told the crowd. While acknowledging that many of those are "junk," Ravikant said as many as 20 "high-quality, fundable companies a week" are popping up on the site's radar.
And even with many angel investors pulling back as the tech-stock market has cooled, Ravikant said startups are using AngelList to land between $10 million and $20 million every month. Some venture capital firms use the site to pan for prospects.
"AngelList has really become the calling card of every new startup," said Josh Elman, a venture capitalist with Greylock Partners. An AngelList profile, he said, is as important for a startup seeking funding as a LinkedIn profile is for someone seeking a job.
SOURCE: MercuryNews.com, TechCrunch.com, gcase.org