Every year, 15 great tech companies are born, says early-stage investor and matchmaker Naval Ravikant. The trick is to figure out which ones they are.
At the annual meeting this week of the industry’s trade group, the National Venture Capital Association, which was held in Silicon Valley and attended by about 600 people, investors discussed how companies get started, how they’re funded and how they go public. In the last decade, according to one panel, it’s all changed.
With companies so cheap to start because they can take advantage of low-cost Internet resources, Ravikant said there will be more spectacular success stories like Instagram—the two-year-old mobile photo sharing site with 13 employees that raised over $57 million and attracted more than 30 million users before it was acquired by Facebook Inc. this month for $1 billion.
To read the full, original article click on this link: AT NVCA Conference, Investors Search For The Winning 15 Start-Ups - Venture Capital Dispatch - WSJ
