Everything Aaron Navin said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Navin: 2% of a $30B company beats avoiding dilution
“So for me, let's say if I look in 10 years down the line, and I'll have even two percent, but from a thirty billion dollars business, I'll be okay with that. I don't care about the difference.”
Navin: Raising more capital reduces startup risk
“So the more money I have, you know, it's the less risk, I think, for the company.”
Navin: Local banks charge 4% to 5% for EUR/USD hedges
“I mean, if you would try to do that, for example, versus, I mean, with his local bank, you would pay, probably end up paying by four or five percent for the specific million dollars of euro dollar hedge.”
Navin: GrainFinance raised a $19M seed round
“Nineteen million dollars.”
Navin: GrainFinance sold over 20% equity in its $19M seed round
“A little bit higher.”
Navin: Grain will scale hedging volume to $15B by 2025
“No, I'm saying exponential, then in twenty-twenty-four, yeah, we will have probably between five to seven billion dollars of hedging, and then it's going in, in exponential way. So 24, 25, probably we're going to be like 15,000.”
Grain takes a 20 to 30 basis point spread on FX hedges
“It's basically 20, 30 basis points, you know, above my cost of hedging, which is actually very, very competitive.”
Navin: GrainFinance is pre-revenue, will generate revenue by January
“Yes, pre-revenue. But let's say September, January, we'll start generating revenues.”
Navin's prior Israeli hedging business serves 1,500 corporate clients
“And six years ago, I found a company in that specific area as well, providing hedging for small, medium businesses in Israel. And in that specific company, I have already 1500 companies that are doing business with me.”
Navin: Unimpressed by Blackstone CEO Stephen Schwarzman's Book
“Read lately Stephen Schwarzman from Blackstone. Which I wasn't really impressed, actually, but that was the latest one I read.”
Navin: Grain Provides Embedded FX Hedging to Travel Platforms
“Actually, now we're serving, we are more of an embedded finance, so we are providing hedging, yeah, to travel platforms in the travel industry, ok?”
Navin's prior Israeli FX hedging firm is profitable and bootstrapped
“And this is a very profitable business. And this is, that, that, the company was a bootstrap. No funding raising at all.”