Everything Avi Eyal said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Eyal: Andreessen Horowitz and Sequoia have become BlackRocks for startups
“And that's part of the challenge with what's happened today within the, what I call the institutionalization of VC, where Andreessen and Sequoia have become such big funds, the investment managers you know, the multiple targets are different. The RR targets ha…”
Avi Eyal: Israel has learned very little from October 7th
“I really fear that very little has been learned from the seventh of October and the events leading to seventh of October.”
Avi Eyal: Most of Israel's 120 Knesset members should step down
“And most of the a 120 members of parliament, members of the Knesset in Israel should go home.”
Eyal: Small venture funds do not need high ownership in giant outcomes
“One doesn't need a large ownership in large outcomes when you have a small fund.”
Avi Eyal: Entrée Capital sells down investments across three systematic stages
“We decided that the minute that the price per share of a current round is I won't tell you exactly, but six or eight times your price that you came into the round try sell a third. And when you get to the pre IPO round or in the IPO across that kind of timefra…”
Eyal: Private VC insight provides no edge in public market trading
“The fact that you've known how the company operates in the private sector does not mean that you know how the company trades in a public market, where it's at the whims of trading machines, of hedge funds of other people that can manipulate the stock price and…”
Avi Eyal: Israeli civil society is broken today
“I find that Israel civil society is broken today.”
Eyal: Israel and antisemitism are the canary in the coal mine for Western society
“Israel and anti-Semitism are we, we're the canary in the coal mine. We, we're the front line.”
Avi Eyal: Israel must establish fixed borders for sovereign legitimacy
“There has to be a change. You know Israel has to have fixed borders because set and fixed borders enables you to operate legitimately in a, in, as a nation state, right?”
Avi Eyal criticizes David Sacks' isolationist foreign policy views
“Honestly, for the life of me, I can't work out what he believes America stands for, if it stands for even anything. You can't look after your own interests and not understand that the world is connected. And others, you need to find commonality of interest, an…”
Avi Eyal: Inflated contracted ARR is just 'community-adjusted EBITDA'
“Contracted ARR. Folks tell you how they've signed a client, a customer, which has given them, like, 50 users, or, you know, or 50 deals, but that customer represents potentially 500,000 deals, or it represents 20,000 users, or something like that, and so they …”
Avi Eyal: Entrée Capital distributed over $1.5B from $15M monday.com investment
“Since the beginning of Monday, we invested approximately fifteen million dollars. The distribution from that was over one and a half billion dollars.”
Eyal: Success in business and venture capital is only 20% to 30% luck
“I would say it's 20, 30% luck.”
Eyal: $6M–$8M seed rounds are unnecessary for asset-light startups
“For asset-like businesses, for businesses that today you can get MVPs out the door in three months with, you know, three or four chaps can sit in a garage and or a basement and can write some code and get some POCs with initial clients at very little cost, rea…”
Eyal: Three reasonable venture returns can make an entire fund
“We don't shy away from smaller markets. We want to make sure that you can absolutely be number one or number two in the, in that market. And then, you know, you'll get a reasonable return and three reasonable returns make a fund.”
Entrée Capital and Designer Fund have sold nearly 50% of Stripe holdings
“I think we've both exited close to 50% or just on 50% of our holdings in Stripe to date.”
Eyal: Fundraising skill does not define whether a founder is a good CEO
“I don't think that if you can't raise, you're not a good CEO. I think there are, depending on the business, again, there are businesses where, you know, the primary day-to-day job is not raising money. The primary day-to-day job is building a product and closi…”
Eyal: Entrée's mature funds have loss rates of 12% to 15%
“You know, we've got three funds that are over 10 years old, or two are 12 years old now, 13 years old, and one is about nine, 10 years old, and at that stage, you know what the, you've pretty much the loss rate has matured, and the loss rate has been around 15…”
Avi Eyal: Entrée's next 10 successful investments didn't equal monday.com gain
“I'll tell you that the next 10 investments that were successful didn't equate to the gain on Monday.”
Eyal: Entrée gained $15M-$20M on PillPack exit from $80M fund
“That fund was an eighty million dollar fund, and I think our Proceeds from the sale was 15 or twenty million dollars gain, something like that.”
Entrée Capital returned over $30 million from its BreezeMeter acquisition
“So that return gave us around 30, 30 something million back.”
Eyal: Founders should choose Series A leads capable of leading Series B
“I think today you want to generally get the next round done by a fund that can do that, the round after that. So if you get a fund in to do the A, you want to know as a founder that the fund that's doing your A can do your B, can lead your B, because you don't…”
Avi Eyal: Entrée partners are top three largest LPs in their funds
“Our personal money is probably first, second, or third in size and in, in our various funds.”
Avi Eyal: Entrée GPs pay management fees on their own fund commitments
“We pay management fees so we, we're pretty aligned with our LPs.”