Naval Ravikant laughs as he describes how in 1999 he and some friends founded his first startup, Epinions, a website for consumer reviews.

纳瓦尔? 拉维坎特（Naval Ravikant）笑着描述起1999年他和一些朋友在自己的网站Epinions初创时的情形，该网站是给消费者发表评论的。

It took nearly six months to get a first version of the site up and running. By comparison, setting up Mr Ravikant's latest venture, AngelList, a social network for startups and investors, was a doddle.

他们花了将近半年时间才将网站建立起来并运行了第一个版本。 相比之下，拉维坎特建立他最新的一项事业——为创业者和投资者建立的网站AngelList则显得轻而易举。

Mr Ravikant is not the only serial entrepreneur with such a tale to tell. Since the start of the first dotcom boom in the mid-1990s, launching startups has become dirt cheap, which has radically changed their nature.

能这样连续创业的不仅仅是拉维坎特一人。自1990年代中期互联网开始繁荣以来，创业的起步阶段投资是非常小的，这已经从根本上改变了创业的性质。