CTalk“I think we are going to be seeing longer funding cycles”
“I think we are going to be seeing longer funding cycles”
"At the early stages, startups need a plan that looks further into the future, trying to get funded for longer periods of time and trying to prove that what they are building is real," explained Rotem Eldar, Managing Partner at 10D
"Startups need to look at ROI, that means slower growth and focusing on PMF (product market fit),” Rotem Eldar, Managing Partner at 10D, told CTech at Calaclist’s 2023 Forecast conference on Wednesday. “At the early stages, startups need a plan that looks further into the future, trying to get funded for longer periods of time and trying to prove that what they are building is real. Funding cycles will become a year and a half, maybe two, and startups need to plan for that."
When asked about the emerging trends 10D had identified, Eldar replied: “We have a strong focus on digital health, it started a few years ago and is getting stronger. The sector is also immune to financial crises as there is a need. This requires also deep technologies that take longer to mature, this trend will continue. We are also seeing a lot of AI applications growing at an exponential rate. We believe AI will even replace some manual labor.”
10D, an early-stage VC, announced earlier this month that it had raised $245 million across two funds - its second early-stage fund and first opportunity fund. The capital was raised from 10D’s existing investors as well as several prominent new institutional investors. Fundraising was headed by 10D’s leadership team – Yahal Zilka, Rotem Eldar and Itay Rand. 10D has $355 million in assets under management.
You can watch the full interview with Eldar in the video above.