Fireside Chat with Babak Nivi

Fireside Chat May 2013Another great event Fireside chat with AngelList and VentureHacks co-founder Babak Nivi was hosted by Jason Nazar, the Co-Founder and CEO of Docstoc.com, on Wednesday, May 22, 2013 at 6:30pm at Shutters on the Beach Hotel, 1 Pico Blvd Santa Monica, CA 90401.

Docstoc has the “widest selection of professional documents (over 20 million), and resources including articles, videos, & productivity tools to make every small business better.  Docstoc is a top 500 most visited website worldwide and has over 28 million registered users. It offers a vast collection of free resources & provides a monthly membership which unlocks its widest selection of premium content. Latest Docstoc product, ExpertCircle, is a recommendation engine for the best products & vendors for you business”.

This event is #37 in the series of events dubbed as Startups Uncensored. This month’s guest of the fireside chat was Babak Nivi, who is the co-founder and President of AngelList and Venture Hacks, Good advice for startups. He has worked at VC firms including Bessemer and worked with startups that are backed by Sequoia and Benchmark. He has 2 patents and is a graduate of MIT.

The interview was very refreshing as Babak has a great sense of humor. He said that the best decisions he made when he was 25 were to drop out of PhD program and move to San Francisco. His company has 13 employees and was funded by Kauffman foundation. His company aspires to become Craigslist for startups, talent, incubators,  and become wildly profitable. He said that he thinks that every startup’s mission should be to change the world. During Q&A session, he said that there is no need to join the incubator if you know what you are doing. Usually to get investors you need either traction, pedigrees or demo that would vow everyone. For MVP you don’t’ need to spend a lot of money, just a Wufoo form and a blog post would do it.
I met several local startup founders at this event, like Kuyam, CampusExplorer and other ones. Next month’s event will be on June 19, 2013 with Gary Swart, CEO of oDesk.

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