We’ve been following Ravi over the years, as he moved through the VC industry, from Alta, to Charter, to GKM. Ravi’s very open about the lessons he’s learned, and we wrote a piece about him here a few years ago. He’s now 37. Anyway, according to the VentureWire story, Ravi does have an answer for McNamee. Next year, he plans to launch Top Shelf Capital, a hedge fund to operate from Palo Alto, and he’s doing it on a hunch that some public companies remain undervalued. He took note when publicly listed Niku had a market value of $15 million in 2002, and was then bought for $350 million in 2005.