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Meet the Founder

Verbit is an AI-Powered transcription platform.
We established the company a bit more than 3 years ago and we grew from 3 founders to 102 full-time employees. Today we have 200 enterprise customers.
We raised $65 million up to date.
July 1

3 min read

"Don't optimize for valuation, optimize for the best partner you would like to work with."

Every week we send the same list of questions to a different founder from companies of all sizes. Each week we get new answers, insights, perspectives, and tips on how we all can shine a bit brighter.

Tom Livne

CEO & Co-Founder at Verbit.ai

Tom is 34 years old, lives in Herzliya, and married to Yael.

Meet the Founder

Verbit is an AI-Powered transcription platform.
We established the company a bit more than 3 years ago and we grew from 3 founders to 102 full-time employees. Today we have 200 enterprise customers.
We raised $65 million up to date.

1. What is a daily habit you love doing?

The first thing I am doing every morning is to analyze the report I am getting regarding the revenue per customer, it helps me to understand the trends and to identify quickly if there is any problem in our business. You can learn so much from a simple report. 
Non-work related daily habit – is to listen to podcasts on my way to work and on my way back from work.

2. What piece of advice would you give yourself when you started? What advice would you ignore?

Don't optimize for valuation, optimize for the best partner you would like to work with. I would ignore the advice of hiring only senior experienced people, sometimes the motivation is more important than experience.

3. What piece of content (book/podcast/Ted Talk) is your favorite or has influenced your life?

SaaStr podcast. They are interviewing top-notch executives from leading tech companies and they are sharing best practices and the mistakes they made so I am learning every episode something new.

4. What is the most valuable investment (time, money or energy etc.) that you’ve ever made?

Building a trusted relationship with our board of directors. They are so experienced and build many companies, their point of view is always interesting to hear and to learn from. I am amazed that almost every meeting I am learning something new from them. The best part is that they are investing money in your company and working for the company's success and helping you to promote your company.

5. Is there a quote, mantra or message you live your life by and that you resonate with? It can be someone else's as well.

"If you can dream it, you can do it" Walt Disney. I always wanted to be an entrepreneur and here I am leading Verbit today.

6. What helps you stay motivated on good and hard days?

Reminding myself how lucky I am for reaching where I am and grateful I am to work with such an amazing group of talented people! A habit that helps is reading the news and hearing about other people stories, that makes it easier to get perspective and appreciate what you have.

7. What are you passionate about other than managing your own company? 

Learning new things for example about making better decisions, or I'm always interested in finding out about different technologies. I also really enjoy meeting new people.

8. What have you recently thrown away or released from your life that made a positive impact and why?

Due to COVID 19, we moved to work from home for 2 months already and I became very productive, for example in doing sports! I might start working more from home as I see it's working so well.

9. Share a failure you have experienced and what you learned from it.

Hiring people with the wrong mindset. Our DNA at Verbit is a can-do approach and mentality. If you hire people that all the time will tell why it's not possible can be very frustrating.

10. If you could have anyone in the world answer these questions who would it be and why?

Michael Jordan, after I watched the last dance series I have so many questions to ask him… for example how he managed to maintain his eagerness to win for such a long time, what motivated him etc’.

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המשימה היא לבנות מוצר שמייצר ערך משמעותי ללקוחות שלה. בסופו של יום, חברות קמות ונופלות בדיוק על שאלת הערך ללקוחות

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לא הייתה אסטרטגיית מכירות. אני בעצמי עניתי לטלפון וניסיתי את מזלי.

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