American Venture Capital Fund Insight Partners Invited the entrepreneurs in the start-ups where it has invested in the world for a zoom call that is expected to take place tomorrow (Wednesday), Globes has learned. On the topic: Preparing for the emerging crisis in the global high-tech industry. The zoom call will be led by Jeff Horing, the foundation’s founder and leading partner.
Insight is currently the leading investor in Israeli high-tech in recent years And has invested over $ 3 billion in Israeli start-ups over the years. Its notable investments in the country over the years over the years include Monday, Sentinel One, Aqua Security, Walkami, Moon Active, Wise, Nu Nim Security, Armis and Jaiprog.
In the past year, Insight has significantly expanded its office in Israel and added Liad Agmon and Hagai Schwartz as its first partners in Israel. Insight is generally considered one of the dominant investors in the world and in February this year announced the raising of its 12th fund at a record high of $ 20 billion.
Insight’s planned conference call adds to similar steps taken by many other funds in recent weeks. This month, for example, the famous venture capital fund Sequoia presented a 52-slide presentation to about 250 founders in which it invested. In the presentation, she predicts that the crisis in high-tech will be prolonged and calls on start-ups to focus on building a program that will allow them to survive for a long time without raising new funds.
“You need to look at your expenses in special projects, development, marketing and other expenses, and prepare a plan of cuts that you can implement within the next 30 days,” Sequoia wrote to the entrepreneurs. “In the 2008 crisis – companies that made cuts turned out to be more efficient and better.”
Even before it, the world’s leading start-up accelerator, Y Combinator, published similar things. “No one can predict how bad the economic situation will be, but things do not look good,” it read. “The surest step is to prepare for the worst.” It is likely that the developers of Insight Partners will hear similar things tomorrow.