In 2017, when IXO was "growing wildly", the encrypted asset financing platform Coinlist came into being.Compliance or formality is the "key to success" for it to quickly gain a foothold in the market. When Coinlist helps project financing, it will conduct complete due diligence on the project, covering the team, product, market, transaction conditions, areas such as legal structures and token economics. As the so-called choice is two-way, Coinlist also has different asset requirements for different investors. Therefore, Peter van Valkenburgh, head of Coin Center, believes that Coinlist has brought a certain "Silicon Valley credibility" to the chaotic IXO phenomenon. It must be based on such preliminary investigations that gave it the confidence to use "Where early adopters invest in and trade the best digital assets."In addition to the title of "Silicon Valley Credibility" in the early days and the current title of "Wealth Password Early Know", Coinlist is also known as the AngelList of the currency circle. Not only because the two platforms will conduct detailed and rigorous advance investigations on the projects that want to raise funds, but also one of the main reasons is the highly overlapping senior management teams of both parties. In addition to Coinlist CEO Andy Bromberg, several other co-founders, consultants, including CTO, COO and product director are all from AngelList.Naval Ravikant, the protagonist of this issue of Baking Watch, is also one of these "coincidences". He is both the founder of Coinlist and the founder of AngelList.Born in Mumbai, India, he moved to New York with his mother at the age of 9 and began his life in the United States. Probably based on his internship experience at the international law firm Davis Polk & Wardwell during college, he has certain requirements for supervision and compliance.However, even with some legal experience, he was still a "novice" player in venture capital at that time. The "sad" story begins when Epinions, co-founded by Ravikant and other partners, was acquired in 2003. At that time, Ravikant signed an acquisition that made their equity worthless because they did not understand the trading rules of the venture capital industry. protocol."Angels" also want to cast a wide net
As AngelList grows stronger, Ravikant's investment has never stopped. He has successfully grown from a novice in the venture capital market to a top investor, and has invested in more than 200 companies such as Twitter, ClubHouse, and Uber. According to statistics, he invests 4-6 times a year, and the amount of investment in each company is 50,000-500,000 US dollars.
But as he said, "Raising funding for good businesses is (slowly) getting easier. But picking good businesses is getting harder.". What he follows is the investment logic: select 500 companies with potential from 10,000 companies, and then select 5 "winners" to invest in them."I've thrown a lot of darts." Ravikant's "spreading the net" type of investment will also encounter bad investment, but he doesn't pay much attention to it. Because, in the case of Twitter, he already made 400 times as a first-round investor; as the first investor in Uber, his investment has grown 4,000 times. So his amazing returns on his good investments more than offset his losses on his bad investments.An "angel" entering the encryption field
In 2014, he published the article "The Bitcoin Model for Crowdfunding", which is his thinking on financing in the encryption field. He wrote at the end of the article: "Bitcoin is not just a currency, nor is it just a protocol. It is a real crowdfunding model and platform-open, distributed and full of liquidity."
Then, in the turbulent wave of token financing, he launched the Coinlist platform together with Filecoin founder Juan Benet. His crypto investment journey also started.In February of this year, he ranked fifth in the "Top 100 Crypto Influencer" and said in ClubHouse, "I've decided to actively focus on crypto for the rest of my career".secondary title
twitterstrom rolled up by "angel"
Not only that, the fanatical Naval Ravikant also posted 36 tweets about blockchain in 14 minutes.
“I’ve been thinking about this, falling asleep and waking up in the middle of the night. At 3am, I’m teasing out the whole thing on Twitter.” And it all started with his first tweet: “Blockchain will replace networks with markets "." In his view, money, as well as religion, companies, roads, electricity, etc., are different types of networks.As for how the road becomes a blockchain network, Naval Ravikant also made a very interesting imagination. He said in an interview, "autonomous cars bid each other for the right to occupy the road; (you can imagine one car sending a message to another car: "I want the red light to be green now, For this purpose, I am willing to pay X coins”).” This application scenario excited him.The Unique Way of Reading "Angel"
Do you think "Quote Master" Ravikant just loves to express?
In fact, without the accumulation of his reading, he would not be able to have such a deep and continuous thinking. After all, he believes, "earn with your mind, not with your time.". Therefore, he is also very happy to share the good books he found with others,"If I read a book and think it's really good, I'll buy many more copies. Give some away, and put some in every corner of the house. Lately I've found myself rereading previous books more than I've been reading new ones."However, he is not obsessive-compulsive disorder who must read from beginning to end after opening a book. He prefers the way of reading without wasting time, that is, starting from any place you are interested in and skipping the boring content. By treating all kinds of books like short blog posts or a few lines of tweets, he has accumulated more knowledge that interests him and made him love reading again.Bazai believes that this free-wheeling reading mode reduces our pressure on starting to read a book, and it can also make people more relaxed about reading. Friends who haven't read for a long time may wish to try Naval Ravikant's method, maybe this time you can regain your interest in reading. 
