🫶 Reflecting on eToro’s IPO!

The R136 Ventures team just dropped a piece on what it was like to invest in eToro. 🚀 Let’s recap: eToro hit NASDAQ last month, hitting a valuation of $4B. On day one, their stock soared 30% to $5.5B! That’s a big win in today’s market. They’ve paved the way for others like Circle and Chime.

Being an early investor in such companies is a major score, but it raises the question: what sets these founders apart? 🤔 Check out the full scoop here: https://t.co/vob64jL0RY

Here are some key takeaways:

1/ **Execution**: We’ve said it a thousand times—execution is king! 👑 eToro has been rolling out new products and markets (hello commission-free trading!), while many have tried, few deliver on this level.

2/ **Discipline**: Timing is everything when scaling a startup. ⏳ But when the chips are down? Staying disciplined and keeping your eyes on the prize is crucial. eToro navigated multiple crises before going public. Persistence pays off!

3/ **Experience**: Founders Yoni and Ronen Assia aren’t just winging it; their dad, David Assia, founded Magic Software and went public on NASDAQ back in '91! 🧙‍♂️ This family legacy isn’t about handouts—it's about that entrepreneurial spirit they grew up with.

4/ **Transformation**: eToro today isn’t what it was back in 2015. 💪 Continuous transformation and adaptability are essential traits for founders AND their companies.

5/ **Luck**: Let’s not kid ourselves—luck plays a role! 🍀 Getting into a company like this is already fortunate. But success involves strategic moves too; we've invested further by buying secondary shares. If luck were all there was, the results wouldn’t be THIS impressive!

#unicorns #r136