Aleph Closes Investment Despite CEO And 25% Of Staff In Reserves
Michael Eisenberg · Michael Eisenberg and Adi Levanon: Israeli Resilience in Crisis | E1072 · 20VC with Harry Stebbings · Oct 12, 2023 · at 21:45
Michael Eisenberg, General Partner at Israeli venture firm Aleph, describes maintaining investment activity and business continuity in Israeli startups following the October 7 crisis.
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“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 spoke to him after I spoke to you last night at ID at one a.m., and I said, the money's coming, guys. They're working nonstop, by the way. By the way, what I'm investing in actually is related to a lot of uncertainty. It's, I would call it right on mission, but let's just say customer meetings have been canceled for the most part, or moved to Zoom. About 25% of that company is on reserve duty but the round is closing.”
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