The Ledger, every show

“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…”

“I really fear that very little has been learned from the seventh of October and the events leading to seventh of October.”

“And most of the a 120 members of parliament, members of the Knesset in Israel should go home.”

“One doesn't need a large ownership in large outcomes when you have a small fund.”

“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…”

“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…”

“I find that Israel civil society is broken today.”

“Israel and anti-Semitism are we, we're the canary in the coal mine. We, we're the front line.”

“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?”

“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…”

“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 …”

“Since the beginning of Monday, we invested approximately fifteen million dollars. The distribution from that was over one and a half billion dollars.”

“I would say it's 20, 30% luck.”

“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…”

“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.”

“I think we've both exited close to 50% or just on 50% of our holdings in Stripe to date.”

“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…”

“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…”

“I'll tell you that the next 10 investments that were successful didn't equate to the gain on Monday.”

“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.”

“So that return gave us around 30, 30 something million back.”

“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…”

“Our personal money is probably first, second, or third in size and in, in our various funds.”

“We pay management fees so we, we're pretty aligned with our LPs.”

“The first eight, nine months of Monday, we didn't have product market fit. I remember we had like six customers and we had six months of cash left and then there was the breakthrough of hitting product market fit.”

“In retrospect, we should have gone off to the enterprise maybe a year earlier than we did”

“A small fund, it's a forty-five million dollar fund, but the other two funds, which are eighty million dollar funds, the DPI is around five, six, six.”

“I kind of look at how many X's is the fund after year eight or year 10. Before then it just doesn't count.”

“Most people think capital is sunk cost, almost like a grant, but capital needs to be returned. It's a soft loan, needs to be returned.”

“I survived the tsunami in 2004. Co-PP where two thirds of the island, 2000 people died that day.”

“Over the period of time, we put about four and a half million dollars in and we lost the money. All of it. To the cent.”

“At Lemonade, they had done the A, and I remember I was driving home, and I was speaking to the founder of Lemonade, and we didn't do the A, and I said to him, well, you know, can I give you a, can I give you a safe because we want to be involved with you, we w…”

“There's three W's who, what, and when, that everything they do has to be who, what, and when. So when you start a business and when you running after your client and or trying to get a customer or trying to develop a feature or everything else, it's very simpl…”