Michael Eisenberg

47 statements across 6 episodes · 14 bullish · 12 bearish · 1 people on the record · first statement Feb 8, 2021 by Michael Eisenberg · said 24 times in 9 episodes since 2021 · across every show →

On the record as a speaker too: Michael Eisenberg's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Harry Stebbings (23), Omer Shai (1)

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2026 3 mentions in 1 episode
2025 1 mention in 1 episode
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2022 4 mentions in 3 episodes 1 per episode
2021 14 mentions in 2 episodes 7 per episode

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Everything said about Michael Eisenberg, oldest first

Feb 8, 2021 positive
Assertion Not checkable as stated
Benchmark partners all invested in Michael Eisenberg's Aleph at launch
“My agreement when Benchmark, as Peter Fenton has so famously said, decided to get out of the imperial era of venture capital and focus locally, the partners at Benchmark were super supportive and went out on my own, so to speak, found a partner, Eden Shohat, a…”
Michael Eisenberg Feb 8, 2021 ▶ 5:31 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021 positive
Opinion
Eisenberg: Lemonade proved insurance is fundamentally a technology business
“So no one invested in insurance before and called it a tech investment, but lemonade has proven that insurance is really technology at the end of the day.”
Michael Eisenberg Feb 8, 2021 ▶ 14:10 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021
Insight
Eisenberg: Partner time, not money, is a VC's most precious commodity
“And the reason you need to stay small and focused is your most precious commodity is not your money. It's your time.”
Michael Eisenberg Feb 8, 2021 ▶ 23:11 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021
Insight
Overcapitalizing lean founders causes them to explode, says Michael Eisenberg
“When you overstuff founders who are better at lean with capital, they explode. And conversely, if you've got guys who can press on the gas and play the game on the field when everyone's got capital, you ought to load them up.”
Michael Eisenberg Feb 8, 2021 ▶ 13:24 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021 neutral
Disclosure
Aleph remains a single-stage fund to avoid multi-stage signaling risks
“We are a single stage, basically C to A fund. We're not doing the big, big fund with the multi-stage thing where I think you have a lot more risks around reserves and around signaling risk when times go get bad.”
Michael Eisenberg Feb 8, 2021 ▶ 10:19 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021
Disclosure
Aleph's last seven investments were all made in stealth mode
“The last seven investments I've made are all in stealth.”
Michael Eisenberg Feb 8, 2021 ▶ 41:12 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021
Insight
Domain specialization blinds venture investors to disruptive insights, argues Eisenberg
“When we think we're specialists, we think we know a lot about something. If you think you know a lot about something, you have really expert questions, so to speak, to ask a lot of the founders. But my guess is if you were that knowledgeable in And specialized…”
Michael Eisenberg Feb 8, 2021 ▶ 24:26 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021 negative
Insight
Traditional portfolio diversification theory fails in venture capital, argues Eisenberg
“Kind of traditional notions of portfolio diversification, which is where I think diversity comes from, are poorly applied in venture.”
Michael Eisenberg Feb 8, 2021 ▶ 19:36 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021 positive
Insight
Early-stage VCs must maintain a steady investment pace through market busts
“But it turns out that the best time to invest is when it busts. And so you need to maintain a constant investment pace, no matter what the external circumstances are around the bust in early stage venture capital.”
Michael Eisenberg Feb 8, 2021 ▶ 8:28 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021 bullish
Insight
Tech companies have become long-duration assets like bonds, argues Eisenberg
“But the second thing is technology has become a long duration asset, which it never was before. So you used to think of bonds as long duration assets or Refrigerators is long duration assets. Houses. But now people look at Amazon and go, whoa, 30 years plus so…”
Michael Eisenberg Feb 8, 2021 ▶ 15:06 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021 positive
Opinion
Benchmark's Bruce Dunleavy is the biggest gentleman in venture capital
“The guy is the biggest gentleman and mensch in this business by a long shot, and has unbelievable wisdom.”
Michael Eisenberg Feb 8, 2021 ▶ 28:09 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Feb 8, 2021
Insight
Venture funds should target 15 to 25 portfolio companies, says Eisenberg
“In the venture business, I think about it as shots on goal, which is a portfolio should have somewhere between 15 and 25, call it, shots on goal.”
Michael Eisenberg Feb 8, 2021 ▶ 18:25 20VC: Aleph's Michael Eisenberg on Why Generalists Over Specialists, Why Boutique Smaller Firms Over Multi-Stage Firms, Portfolio Construction Theory, Capital Concentration Limits and How To Think Through Reserve Allocations with Market Cycles in Mind?
Dec 6, 2021 bearish
Prediction Not checkable as stated
Eisenberg: Massive venture capital inflows will result in scarce investor returns
“There's no capital scarcity, by the way, but there could be, and this will take longer to play out, a scarcity of returns because of all that capital that's come in.”
Michael Eisenberg Dec 6, 2021 ▶ 10:40 20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture
Dec 6, 2021 neutral
Prediction Partly held up
Eisenberg: Market bust will reallocate tech talent but won't reduce salaries
“A bust in the past and maybe now would reallocate some of that talent around. I actually don't think it would reduce the cost of it for what it's worth, given how scarce the talent is, but I think it could reallocate it to better places.”
Michael Eisenberg Dec 6, 2021 ▶ 39:24 20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture
Dec 6, 2021 negative
Insight
Eisenberg: Selling VC Secondary Shares Without the Founder Harms Reputation
“Founders talk to each other, and unless it's really obvious you're taking money off with the founder, and it's probably a small amount if you're a large stakeholder, I think that's reputation negative over the long term and not consistent with playing the long…”
Michael Eisenberg Dec 6, 2021 ▶ 25:18 20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture
Dec 6, 2021
Insight
Eisenberg: More startups die of indigestion than starvation
“You know, when I was at Benchmark, they used to say that more companies die of indigestion than die of starvation. I actually think that's still true.”
Michael Eisenberg Dec 6, 2021 ▶ 17:50 20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture
Dec 6, 2021
Insight
Eisenberg: Disrupting major industries requires a massive balance sheet
“These big industries, if you're trying to disrupt them in order to get the customers on board, they want to see a large balance sheet.”
Michael Eisenberg Dec 6, 2021 ▶ 18:38 20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture
Feb 23, 2022 neutral
Assertion Supported
Michael Eisenberg: Founders take significantly more capital via secondary sales today
“One of these is different between now and 20 plus years ago in particular is there's a lot more secondary going on, which means that founders are taking capital off the table in a lot of these rounds. And it's hard to know how they react. You know, if the goin…”
Michael Eisenberg Feb 23, 2022 ▶ 7:17 The Tiger Global Memo: From Sequoia Capital to Benchmark and Thrive: The World's Best on the Rise of Tiger Global
Feb 23, 2022 negative
Insight
Michael Eisenberg: Massive funds like Tiger Global overwhelm down-market cap tables
“What we often don't pay attention to is if you've got the largest war chest at the table, you've got a shot to overwhelm the cap table in a down market. Meaning, if I'm Tiger and, you know, I'm taking a large round from Tiger at a company, then the company nee…”
Michael Eisenberg Feb 23, 2022 ▶ 6:54 The Tiger Global Memo: From Sequoia Capital to Benchmark and Thrive: The World's Best on the Rise of Tiger Global
Aug 12, 2022
Insight
Eisenberg: Winning deals strictly on price signals venture investor failure
“If I'm forced to pay the highest price, it means I'm not doing my job well. I'm not building a good enough relationship with the founder.”
Michael Eisenberg Aug 12, 2022 ▶ 7:33 20VC: 13 of the Great Investing Minds on When to Pay Up vs When To Remain Disciplined and Walk Because the Price is too High: The Ultimate Guide to Price Sensitivity
Aug 12, 2022 bullish
Prediction Not checkable as stated
Eisenberg: Aleph will prioritize target ownership over low pricing
“So what we're doing is even if we have to pay more, we're optimizing for ownership and we'll continue to do that.”
Michael Eisenberg Aug 12, 2022 ▶ 7:03 20VC: 13 of the Great Investing Minds on When to Pay Up vs When To Remain Disciplined and Walk Because the Price is too High: The Ultimate Guide to Price Sensitivity
Oct 12, 2023
Assertion Not checkable as stated
Eisenberg: Israeli reserve soldier attended son's bris via Zoom from Gaza border
“In the Jewish tradition, we circumcised newborn males at eight days. His son's circumcision, called a bris was supposed to be Sunday. He wasn't gonna make it. He joined by Zoom from the border of Gaza to celebrate”
Michael Eisenberg Oct 12, 2023 ▶ 42:16 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023
Assertion Not checkable as stated
Eisenberg: Israeli couple held wedding on Gaza border during reserve mobilization
“There was a couple that was meant to get married yesterday, and the future husband, the fiance was called to reserve duty on the Gaza border. They decided not to cancel the wedding. The wedding was held on the Gaza border.”
Michael Eisenberg Oct 12, 2023 ▶ 41:27 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023
Assertion Supported
Michael Eisenberg lost his cousin in the October 7th attack in Kfar Aza
“Unfortunately, as you know, Harry, I lost a cousin of mine in battle on the first day when he went in to protect the town called Kfar Aza which is a border town where tens of people were massacred, and he was literally the first, ah, jeep in, and he was unfort…”
Michael Eisenberg Oct 12, 2023 ▶ 0:42 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023 negative
Opinion
Eisenberg Claims Woke Anti-Semitic Left Has Taken Over American Universities
“The kind of progressive, woke, anti-Semitic left has taken over a lot of American universities. And they don't like Jews, and that's just the truth.”
Michael Eisenberg Oct 12, 2023 ▶ 25:44 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023 negative
Prediction Not checkable as stated
Eisenberg Predicts Terrorist Groups Like Hamas Will Attack London
“And they'll do it in London.”
Michael Eisenberg Oct 12, 2023 ▶ 9:49 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023 bullish
Prediction Held up
Eisenberg Predicts Venture Investment In Israel Will Surge Due To Resilience
“If you ask me what comes next in the next chapter of the State of Israel, I think I do know, and the Israeli tech community, and that is much more investment is going to flow here because people want to invest in resilient societies in the 21st century, as it'…”
Michael Eisenberg Oct 12, 2023 ▶ 13:56 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023 positive
Disclosure
Eisenberg Received Support From UAE Figures and Muslim Tech Leaders
“I have gotten incredible, but I mean incredible, support from people in the United Arab Emirates, Members of the Abraham Accords. People reaching out directly. I've gotten incredible support from Muslims in the tech community.”
Michael Eisenberg Oct 12, 2023 ▶ 28:03 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023 positive
Opinion
Eisenberg Praises Tech Leaders For Forceful Condemnation Of Hamas
“Of the tech leadership, of Satya Nadella, of Sundar at Google, of Zuck, has been astounding, and it's been correct and forceful in condemning, ah, the animalistic barbarian behavior of Hamas and the terror that they've wrought.”
Michael Eisenberg Oct 12, 2023 ▶ 25:12 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023 positive
Insight
Eisenberg: Crisis humanitarian work teaches teenagers more than high school
“By the way, that's a better, apropos college, that's a better lesson than any high school education will give you.”
Michael Eisenberg Oct 12, 2023 ▶ 39:09 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023 negative
Opinion
Eisenberg: Attackers Of Human Values Must Be Eradicated For Progress
“It's a human aspiration, except there are some barbarians that don't believe in this. And they need to be eradicated. And that's our job right now. And our job of our children is to go eradicate them so that we can have more weddings, more children, more grand…”
Michael Eisenberg Oct 12, 2023 ▶ 43:48 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023
Assertion Supported
Eisenberg: Over 100 Americans, Europeans, and Israelis are held hostage by Hamas
“If I could just jump in, Harry, also, it's important to know that there's well over a hundred Americans, Europeans, and Israelis in Hamas captivity. They were kidnapped from the music festival, and they're still being held hostage by ISIS, Hamas.”
Michael Eisenberg Oct 12, 2023 ▶ 4:03 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Oct 12, 2023 positive
Disclosure
Aleph Closes Investment Despite CEO And 25% Of Staff In Reserves
“There's an investment that I've been working on for a long time. The closing's tomorrow, and we bet we're going to issue a capital call. The CEO is in reserves. He's one of the first people called up. And I called him up, and I called his two co-founders. I sp…”
Michael Eisenberg Oct 12, 2023 ▶ 21:45 Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings
Jun 19, 2024
Insight
Eisenberg: Companies get premium multiples when they are sole plays on trends
“Companies get premium multiples when it's the only way to play a future trend in the public markets.”
Michael Eisenberg Jun 19, 2024 ▶ 15:43 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024 negative
Insight
Eisenberg: Israeli founders struggle to scale because of small domestic market
“People think Israelis know how to scale things, and for the most part, when you grow up in a small country, it's harder to think of scale, and so when you're a foreign investor, you need to help Israelis think in big scale.”
Michael Eisenberg Jun 19, 2024 ▶ 57:29 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024 bullish
Prediction Not checkable as stated
Eisenberg: Synthetic biology is shifting to a low-cost 'labless' model
“ZERP built out a huge amount of biological infrastructure. And so now you can just rent labs for cheap. And so I think we're moving to a labless model where you do kind of AI, you know, in your office, and then send out things for testing to labs and maybe eve…”
Michael Eisenberg Jun 19, 2024 ▶ 32:30 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024
Insight
Michael Eisenberg: Board meetings should take 45 minutes, never four hours
“I've come to the conclusion that with good preparation, most board meetings can be finished in 45 minutes. There's real governance that needs to go on there. There's core strategic issues that you need to kind of pound on. But most of them can be finished in 4…”
Michael Eisenberg Jun 19, 2024 ▶ 52:33 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024 bearish
Opinion
Eisenberg: SaaS is riskier than deep tech due to competition and price erosion
“I don't think it's a more risky play than a SaaS thing. I'll argue that SaaS is way more risky. One, because of the competition and price erosion.”
Michael Eisenberg Jun 19, 2024 ▶ 14:19 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024 negative
Assertion Not checkable as stated
Eisenberg: Secondary market buyers claiming interest are mostly fishing for startup data
“Over the last three or four weeks, we've decided to do a little experiment. We reach out to them now. We used to ignore them. But now it's interesting because, like, you discover there are actual buyers there. There aren't, ok? There are not actual buyers ther…”
Michael Eisenberg Jun 19, 2024 ▶ 40:42 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024
Prediction Not checkable as stated
Eisenberg: Outcome-based pricing will rapidly enter the software market
“And I think the consultants like Accenture and McKinsey are the leading edge of this. But I think it's going to come into software very, very quickly.”
Michael Eisenberg Jun 19, 2024 ▶ 21:46 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024 negative
Disclosure
Eisenberg: My biggest ZERP mistake was not selling 100% of peak-valuation positions
“One of them was not selling a hundred percent of one or two positions when the prices were high.”
Michael Eisenberg Jun 19, 2024 ▶ 41:30 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024 bearish
Insight
Eisenberg: Great hard tech founders will reject SaaS investors' capital
“Some founders, or the great founders, are likely not taking SaaS investors' money. Because the SaaS playbook, as it's become called, doesn't apply to any of these harder technologies.”
Michael Eisenberg Jun 19, 2024 ▶ 31:33 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024
Disclosure
Eisenberg: I stopped proactive deal sourcing and rely solely on referrals
“I've stopped sourcing. I get all my deals right now through referrals of 30 years of being in this business. And so I actually don't do proactive sourcing anymore.”
Michael Eisenberg Jun 19, 2024 ▶ 1:00:20 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024 bullish
Assertion Supported
Eisenberg: Aleph raised an insane amount of foreign capital post-October 7
“We've raised an incredible amount of foreign money into our company since October seventh, an insane amount of money. It's wide open for business right now. Investors are on the ground every day.”
Michael Eisenberg Jun 19, 2024 ▶ 57:12 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024 positive
Opinion
Eisenberg prefers founders who are 'net new naive' over market experts
“Oh, net new naive. Net new naive. The fact that Shai and Daniel of Lemonade didn't know anything about insurance, like helped a ton.”
Michael Eisenberg Jun 19, 2024 ▶ 55:51 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024
Disclosure
Michael Eisenberg Refused to Make Venture Investments Over Zoom During Pandemic
“You know, I didn't invest over Zoom. During, during the pandemic. I just, I met people out of a farm.”
Michael Eisenberg Jun 19, 2024 ▶ 53:58 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
Jun 19, 2024
Insight
Michael Eisenberg: Board prep should use written letters, not slide decks
“It's generally a letter and not a presentation. It's rich in data, but it up front identifies these are my core one, two, or three strategic issues that I gotta get board input on. And, ah, you prep for it, you do calls beforehand, and then the conversation is…”
Michael Eisenberg Jun 19, 2024 ▶ 53:10 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings
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