SAN FRANCISCO — For Naval Ravikant, the problem with investing in start-ups boils down to coffee.
“I got really tired of coffee meetings,” said Mr. Ravikant, 37, a technology entrepreneur turned investor. So burned out, in fact, that he bought the Web address idontdocoffee.com. When start-up companies looking for financing request in-person meetings, they get a reply from the e-mail address This email address is being protected from spambots. You need JavaScript enabled to view it..
“I thought, we’re dealing with Internet start-ups here, there has got to be a better, more efficient way to evaluate them than to do thousands of coffee meetings,” Mr. Ravikant said. “Coffee should be the last step, not the first.”
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Author: MALIA WOLLAN
