Itamar Novik, founder and General Partner of Recursive Ventures, discusses target cash runways and early-stage fundraising strategies.
0:00 / 0:08exact quote · 8.1s
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“I encourage my founders to try to take money for at least 24, if not 36 months of runway, assuming that there is no significant increase in revenue.”
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More from Itamar Novik
Insight
Novick: Sometimes product-market fit happens because the market comes to you
“And what people don't talk about a lot in ventures, sometimes you don't necessarily get the product market fit. The market comes to you. And we just saw that with AI, where the market has changed, like the trend has changed a lot. And suddenly a bunch of compa…”
Itamar NovikJan 9, 2025▶ 8:2914 - Investing in Disruption with Recursive Ventures Founder and General Partner Itamar Novick
Disclosure
Novick: Founders should raise maximum capital when they have momentum
“I often encourage founders to raise as much as they can when they've got something going for them.”
Itamar NovikJan 9, 2025▶ 17:0114 - Investing in Disruption with Recursive Ventures Founder and General Partner Itamar Novick
Insight
Novick: Raising capital on a dream is a founder's easiest fundraising round
“And I think raising capital on the dream is probably one of the easiest rounds you're ever going to have, right? To raise as a founder.”
Itamar NovikJan 9, 2025▶ 17:2114 - Investing in Disruption with Recursive Ventures Founder and General Partner Itamar Novick
PredictionNot checkable as stated
Novick: The venture capital industry is on the brink of shrinking significantly
“I think we're looking at the industry that's on the brink of shrinking in a significant way. First of all, there's been too much capital that was pumped into this asset class, especially during the Zurb sort of heydays of 20, 20, 20, 21, 22, and some of that c…”
Itamar NovikJan 9, 2025▶ 20:2514 - Investing in Disruption with Recursive Ventures Founder and General Partner Itamar Novick
AssertionSupported
Novick: AI companies are growing revenue faster than SaaS companies ever did
“So AI companies are actually growing faster in revenue compared to SaaS companies, which I would say SaaS was the last big sort of trend in tech, which obviously still continues.”
Itamar NovikJan 9, 2025▶ 22:0014 - Investing in Disruption with Recursive Ventures Founder and General Partner Itamar Novick
Opinion
Novick: Many venture funds are zombie funds lacking capital to deploy
“A lot of funds are zombie funds. You don't even know who has capital and who doesn't.”
Itamar NovikJan 9, 2025▶ 23:2714 - Investing in Disruption with Recursive Ventures Founder and General Partner Itamar Novick
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