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Babak Nivi

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Profile

Babak Nivi is a co- founder of Angel List. He has a BS in Electrical Engineering and computer Science; a Masters in Electrical Engineering and Computer Science; and was a Ph.D. candidate in Electrical Engineering and Computer Science. All of these degrees were awarded by MIT.

While at MIT he was a graduate research assistant. From 2001-2004, he worked at Seed Capital Partners in Boston. Then he acted as a consultant for Atlas Venture from 2004 to 3005. Also in 2005, he worked with David Cowan at Bessemer as the entrepreneur in Residence. Immediately after that stint, he worked at Songbird from 2005 to 2007 as Vice President.

He founded Angel List in 2010 with partner Naval Ravikant. It is a community of startups and investors. He also serves as a venture Hacker at Venture Hacks. And he holds two patents.

Companies and Investments

Angel List (co-founded), Venture Hacks (co-founder), Tracks.by (investor), Locu (investor), Uber (investor), 500friends(investor)

Lessons Learned

I have learned that success is just not about investing. Money will not necessarily make for success. It is about the product. You have to have a strong and desirable product in order to build a viable market interest. I look carefully at the products offered by the companies I invest in. You have to do this. It took me a few tries and attempts to figure this lesson out, but is a very important lesson to adhere to in your business.

Inspiring Quotes

Everyone thinks of changing the world, but no one thinks of changing himself.

Leo Tolstoy

Take steps is easy, standing still is hard.

Regina Spektor

The biggest mistake you can make is accepting the norms of your time.

Neil Strauss

Babak Nivi's Quotes

There is no finish line for entrepreneurs.

Babak Nivi

Ask forgiveness, not permission.

Babak Nivi

Startups arent here to change the world, theyre here to save the world.

Babak Nivi

Influential Books

Tyler Cowen - Average Is Over: Powering America Beyond the Age of the Great Stagnation

Mentors

Peter Thiel

References


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