Aleph

“We released a model called Aleph a couple of weeks ago that it's a really good model that allows you to do something that I think was previously not possible with AI models, which is you don't prompt the model with just language. You actually put a video on fi…”

“Or another example is Syed Ali at Aleph. You know, I think we did that also at, like, 35 post. And Syed had come off of a company just sold for six billion dollars.”

“We just backed a AI to synthetic biology and chemistry rocket fuel company”

“Of the last 17 investments we made at Aleph, one was a SaaS company.”

“We took lemonade public with sixty million of revenue.”

“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…”

“One of them was not selling a hundred percent of one or two positions when the prices were high.”

“We wrote this giant check to a company called Dream Security, which is AI infrastructure for protecting critical assets in countries. It was the biggest check we wrote.”

“When we first invested in Lemonade, I called a bunch of fintech investors and said, who's the insurance guy? I said, nobody. That's the beauty. So none of them would invest.”

“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.”

“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.”

“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…”

“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.”

“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…”

“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.”

“One of these about the equal partnership is you're not worried about your economics or even negotiating them subconsciously. And that makes the partnership more of a safe space and more of a collaborative space. And I think it's one of the really powerful thin…”

“It was a ten million dollar round, the same valuation of the acquisition offer.”

“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…”

“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.”

“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.”

“We have a company in the travel space that was Slaughtered by COVID. We got a pile of money reserved for it. We plowed in. We think this is going to come back, and when everyone else was not there, we are. And I think that's enabled us to be nimble. A company …”

“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.”

“And the reason you need to stay small and focused is your most precious commodity is not your money. It's your time.”

“It's a thirteen million dollar seed round. We put six and a half in the term sheet.”

“Our motto at Olive is different is better than better. Everything we do should be different, not better. Everything our companies should do should be different and not better.”

“The last seven investments I've made are all in stealth.”

“We raised a hundred and fifty million dollars, and we've got a fair amount of investing around themes we care a lot about, which is disrupting old industries using big data, machine learning, machine vision and software generally.”

“Benchmark really wanted to focus on Silicon Valley in the United States, but primarily Silicon Valley. And I really wanted to stay in Israel and focus on Israel. So I launched olive to do that industry out of Israel. That was 2013.”

“We set up basically the first equal partnership in Israel, modeled after Benchmark, which is one of the greatest venture firms of all time”

“Every partner we add going forward, it comes in as an equal partner on day one.”

“Well, we do series A. The only time we've strayed from that is we invested in a series C round in WeWork, where I had been a series A investor in my benchmark cap previously. Other than that, we've invested, you know, Center of the Fairway Series A Investments…”