Naval Ravikant — best known for co-founding AngelList, a matchmaking service for startups and funders — has picked up snazzy new digs in the seaside community of Manhattan Beach. Property records show the successful Indian-American entrepreneur and investor paid $16 million last year in an off-market deal for the striking villa, which is situated on one of the area’s coveted walk streets.
As co-founder, chairman and former CEO of San Francisco-based AngelList, 47-year-old Ravikant has invested seed money in more than 200 companies, including Uber, Twitter, Four Square, Poshmark, Postmates and Opendoor; that’s reportedly earned him an estimated net worth of around $60 million. The Dartmough graduate also was recently tapped to serve as an adviser for Galaxy, a new $45 million fund that will allow early-stage startup founders to invest in young companies.
As for Ravikant’s South Bay residence, it was custom-built and designed by Los Angeles-based KAA Design in 2007, and last sold in 2014 to fellow tech guru Craig Ramsey. Resting on a rare lot-and-a-half parcel within walking distance to the beach, the stone and cedar structure features five bedrooms and seven baths spread across a little more than 7,300 square feet of living space accented by wood-beam ceilings, tumbled stone walls, hand-distressed wide-plank European oak floors and copious walls of glass.
Especially standing out is a spacious open-concept area accommodating a living room warmed by a floor-to-ceiling wood-burning fireplace. An adjacent dining area connects to the gourmet kitchen, which is outfitted with an eat-in island, high-end stainless appliances and a butler’s pantry. There’s also an inviting master suite furnished with a private deck and walk-in closet, plus a spa-like bath boasting dual vanities and a jetted tub.
Other highlights include a full basement level tricked out with a 5,000-bottle wine cellar and tasting room, dedicated beach room and bath with its own entrance, and covered deck hosting a fireplace and built-in barbecue. Rounding it all out: a four-stop elevator and three-car garage.