Real Life SuperpowersIdan Ofrat: "Once you raise a round and you have money in the bank, things become actually more complicated."
Real Life Superpowers
Idan Ofrat: "Once you raise a round and you have money in the bank, things become actually more complicated."
In a conversation with Noa Eshed and Ronen Menipaz on the podcast Real Life Superpowers, Fireblocks Co-Founder and CPO Idan Ofrat discusses the inherent challenges that arise once companies raise money
Once you raise a round and you have money in the bank, then things start becoming actually more complicated," said Fireblocks Co-Founder and CPO Idan Ofrat on the Real Life Superpowers Podcast. "The clock really starts ticking, because then you have investors and you have a board, and you can’t tell your board 'I'm going to take this money, and I'm going to start ideating things, and I'm going to explore them for the next 10 years', right?... So you better actually do all the preliminary work of validating your idea with customers and making sure that you know what you want to build with before you raise your round."
In this episode, Ronen and Noa travel to the crossroads of cybersecurity and blockchain technology, where their guest has been a prominent figure and an influential force.
That guest is Idan Ofrat, CPO and co-founder of Fireblocks, a groundbreaking platform dedicated to securing digital assets, with over 600 employees and a large global customer base.
When it comes to defending the cyber frontiers, Idan's track record speaks for itself. Prior to Fireblocks, Idan was a key player at C4 Security, which was acquired by Elbit Systems.
His expertise isn't confined to the realm of cybersecurity alone. He's also an expert in decentralized technologies. He was the co-founder and CTO at Yeloha, a disruptive platform aiming to decentralize energy trading, and VP of Product at Orbs, a public blockchain designed for high-scale apps.
They discuss:
- Balancing parenthood and entrepreneurship
- How to decide whether or not to become an entrepreneur
- The importance of market validation
- Breaking up with Co-founders
- The inherent challenges that arise once you raise money
- Shutting down a startup
- Bootstrapping vs raising money
- The valley of death
- Conducting difficult conversations
- ...And more
Enjoy your listen!
Noa Eshed: recognized as a thought leader by the Daily Telegraph. Her book "The Smart Marketer's Guide to Google Adwords” was an Amazon no.1 bestseller. Her digital marketing agency Bold Digital Architects has acclaimed several industry awards. She previously co-founded and distributed Israel’s only national magazine for students, and is a certified lawyer (Hebrew U grad) and journalist.
Ronen Menipaz: an Israeli investor, entrepreneur, tech advisor, and founder of numerous business ventures in the entertainment, adtech, and fintech space. During his 25 years of entrepreneurial experience, Ronen has been involved with over 100 startups in Israel, 30 of which he founded or co-founded. Two of those startups went public, while five were sold and four more are currently privately profitable companies.
