Naval Ravikant, co-founder of AngelList, recently sat down with PandoDaily founder Sarah Lacy for a PandoMonthly fireside chat. It is an intriguing view into the complexities of entrepreneurship in the context of today’s market.
Naval shares his opinion that the process of starting a business has been revolutionized as barriers to entry are minimized or disappear. He quips about founding Epinion.com, a Yelp-ish business review startup founded in the late 90’s, and how difficult starting a company was at the time.
It is interesting to watch the video with the thought of equity crowdfunding in the back of your mind. Crowdfunding and the JOBS Act is discussed in detail later in the video. I suggest watching the whole thing, but if you’re short on time we’ll start it at the point of greatest interest below: