{"id":4584,"date":"2020-07-21T11:13:05","date_gmt":"2020-07-21T11:13:05","guid":{"rendered":"https:\/\/www.startupforstartup.com\/founders-column\/avi-eyal\/"},"modified":"2021-12-15T11:23:08","modified_gmt":"2021-12-15T11:23:08","slug":"avi-eyal","status":"publish","type":"founders-column","link":"https:\/\/www.startupforstartup.com\/ww\/founders-column\/avi-eyal\/","title":{"rendered":"\u201cTime and knowledge are the most valuable assets in this world &#8211; if you\u2019re not maximizing them, you&#8217;re losing great opportunities.&#8221;"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-1-what-is-a-daily-habit-you-love-doing\"><strong>1. What is a daily habit you love doing?<\/strong><\/h2>\n\n\n\n<p><strong>First, coffee<\/strong>. I have to have my double-espresso first thing in the morning. I enjoy waking up early and taking our dogs for a walk and following that, a 30-minute workout.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-what-piece-of-advice-would-you-give-yourself-when-you-started-what-advice-would-you-ignore\"><strong>2. What piece of advice would you give yourself when you started? What advice would you ignore?<\/strong><\/h2>\n\n\n\n<p>Well, thirty years ago I\u2019d love to tell myself to buy Apple stock. But seriously, I would tell myself to not waste time on immaterial things, and go all in. By immaterial I mean excessive partying, laying around doing nothing, etc. <strong>All too often we waste our time on things that are not beneficial to our end goal.&nbsp;<\/strong><\/p>\n\n\n\n<p>We spend time chasing after things that don\u2019t add value to our lives and to the people around us. <strong>Time and knowledge are the most valuable assets in this world<\/strong> and if you\u2019re not maximizing them, you lose great opportunities and it can stand between you and success.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The advice I would ignore are ones that are not in support of what my mission is. It\u2019s a bit hard to define because you first need to know what you are trying to achieve in order to know whose advice to take. It\u2019s important to listen to advice from a range of people because it helps you formulate what your thoughts are. <strong>It\u2019s very important to know where each advice is coming from, who is giving it, and what their context is.<\/strong><br><br><em>*<a href=\"https:\/\/www.startupforstartup.com\/ww\/founders-column\/royanderan\/\">Read the answers of Roy Mann &amp; Eran Zinman, Founders of monday.com<\/a>, on the importance of advice and its context.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-what-piece-of-content-book-podcast-ted-talk-is-your-favorite-or-has-influenced-your-life\"><strong>3. What piece of content (book\/podcast\/Ted Talk) is your favorite or has influenced your life?<\/strong><\/h2>\n\n\n\n<p>One of the books that really influenced my life was <a href=\"https:\/\/www.amazon.com\/Fountainhead-Ayn-Rand\/dp\/0451191153\">\u2018The Fountainhead\u2019 by Ayn Rand<\/a>. It deals with a person&#8217;s nature, psychology, drive and entrepreneurship. It does so in a very brutal way and I think it\u2019s important. Another book that influenced me and my view of people was <a href=\"https:\/\/www.amazon.com\/Cry-Beloved-Country-Alan-Paton\/dp\/0743262174\">\u2018Cry, the Beloved Country\u2019 by Alan Paton<\/a>. Having grown up in South Africa during the apartheid, I thought it was very important for me to understand that.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"328\" height=\"500\" src=\"https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/51xybTH9l1L-1.jpg\" alt=\"\" class=\"wp-image-3288\" srcset=\"https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/51xybTH9l1L-1.jpg 328w, https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/51xybTH9l1L-1-197x300.jpg 197w\" sizes=\"(max-width: 328px) 100vw, 328px\" \/><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/image-692x1024.png\" alt=\"\" class=\"wp-image-3290\" width=\"338\" height=\"498\"\/><\/figure><\/div>\n\n\n\n<p>An inspirational speech is &#8220;Make Your Bed- Little things that can change your life&#8221; by Admiral William H. McRaven, who was a Navy seal for thirty-seven years and commanded at every level.  He speaks about why making your bed in the army is the most important thing you do, I found it inspirational.&nbsp;<\/p>\n\n\n\n<p>Lastly, Carl Sagen\u2019s series \u2018Cosmos: A Personal Voyage\u2019. A series on space and astronomy that I <strong>found unbelievably influential and positive about our place in the world and what we can achieve<\/strong>. <\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Admiral McRaven Leaves the Audience SPEECHLESS | One of the Best Motivational Speeches\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/TBuIGBCF9jc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><figcaption>Admiral William H. McRaven&#8217;s speech.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-what-is-the-most-valuable-investment-time-money-or-energy-etc-that-you-ve-ever-made\"><strong>4. What is the most valuable investment (time, money or energy etc.) that you\u2019ve ever made?<\/strong><\/h2>\n\n\n\n<p><strong>Bringing up my children<\/strong>. I probably spoil them too much, but certainly, in terms of energy and time (never enough) it&#8217;s the most valuable investment I have ever made. <strong><br><br><\/strong><em>*See serial entrepreneur Adi Azaria\u2019s answer about how <a href=\"https:\/\/www.startupforstartup.com\/ww\/founders-column\/adi-azaria\/\">taking paternity leave<\/a> was the best investment he has made.&nbsp;<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-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\"><strong>5. Is there a quote, mantra or message you live your life by and that you resonate with? It can be someone else&#8217;s as well.<\/strong><\/h2>\n\n\n\n<ol class=\"wp-block-list\"><li>Time is short.<\/li><li>\u2018ABC &#8211; <strong>Always Be Closing<\/strong>.\u2019 Never lose your ability to sell or to get things done. It comes from a movie called \u201cGlengarry Glen Ross\u201d which is about salespeople, and it means that things always have to move on and get to the next step.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-6-what-helps-you-stay-motivated-on-good-and-hard-days\"><strong>6. What helps you stay motivated on good and hard days?<\/strong><\/h2>\n\n\n\n<p>My responsibility to my wife Lois and my kids. Also, the notion that <strong>failure is not an option. <\/strong>I don\u2019t dwell on failing and spend too much time on it. <strong>I see failure as an opportunity to set a new goal and achieve it,<\/strong> I try to do it as quickly as possible &#8211; as my wife says, \u201cget over it and move on\u201d. I\u2019ve always been a bit of a \u2018loner\u2019 and very independent from a young age, so I\u2019m naturally self-motivated as a person.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-1024x683.jpg\" alt=\"\" class=\"wp-image-3292\" width=\"519\" height=\"347\" srcset=\"https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-1024x683.jpg 1024w, https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-300x200.jpg 300w, https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-768x512.jpg 768w, https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-1536x1024.jpg 1536w\" sizes=\"(max-width: 519px) 100vw, 519px\" \/><figcaption>Avi and his wife, Lois.<\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-7-what-are-you-passionate-about-other-than-managing-your-own-company\"><strong>7. What are you passionate about other than managing your own company?&nbsp;<\/strong><\/h2>\n\n\n\n<p>Besides family and business, I\u2019m passionate about flying, space, and all things related to aircraft. I also have a pilot&#8217;s license. I\u2019m passionate about art, I enjoy collecting it. <strong>Historically, every time I have had an exit, I set a portion of the money aside for savings, a portion to invest in other startups (sometimes my own), and a portion to purchase a piece of art. <\/strong>My favorite artists are William Kentridge, Andy Warhol, Alessandro Papetti, and Picasso.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-2-1024x768.jpg\" alt=\"\" class=\"wp-image-3298\" srcset=\"https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-2-1024x768.jpg 1024w, https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-2-300x225.jpg 300w, https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-2-768x576.jpg 768w, https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-2-1536x1152.jpg 1536w, https:\/\/www.startupforstartup.com\/wp-content\/uploads\/2020\/07\/unnamed-1-2-2048x1536.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>William Kentridge artwork that Avi Eyal purchased.<br>Skurfburg wine farm, 2010 &#8211; west coast landscape series<\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-8-what-have-you-recently-thrown-away-or-released-from-your-life-that-made-a-positive-impact-and-why\"><strong>8. What have you recently thrown away or released from your life that made a positive impact and why?<\/strong><\/h2>\n\n\n\n<p><strong>I wear the same small set of clothes forever<\/strong> until my wife forced me to expand my wardrobe a bit and give away the old ones.&nbsp; At least that had a <strong>positive impact<\/strong>!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-9-share-a-failure-you-have-experienced-and-what-you-learned-from-it\"><strong>9. Share a failure you have experienced and what you learned from it.<\/strong><\/h2>\n\n\n\n<p>Amongst all the investments we have made, there are 5 companies that we lost and from each one&nbsp;we learnt a lot. We always ask ourselves what&nbsp;we could have&nbsp;done better.&nbsp;<\/p>\n\n\n\n<p>I learned the most from my relationships with people. I learned that you can never be in control of other people, only yourself&nbsp;&#8211; &#8220;you can&#8217;t tell a bird which way to fly&#8221;&nbsp;\u2013 so it\u2019s important to surround yourself with&nbsp;supportive and honest&nbsp;people, be fully into every relationship that you have and&nbsp;be thruthful. You will not always get the same behaviour in return,&nbsp;and this is just part of life &#8211;&nbsp;but this is how you get stronger.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-10-if-you-could-have-anyone-in-the-world-answer-these-questions-who-would-it-be-and-why\"><strong>10. If you could have anyone in the world answer these questions who would it be and why?<\/strong><\/h2>\n\n\n\n<p>I would like my closest friends and family, my partners, and closest founders to answer this. It would <strong>confirm or give me new insights into the people that are closest to me<\/strong> and hopefully that can improve my interaction with them.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. What is a daily habit you love doing? First, coffee. I have to have my double-espresso first thing in the morning. I enjoy waking up early and taking our dogs for a walk and following that, a 30-minute workout. 2. What piece of advice would you give yourself when you started? What advice would [&hellip;]<\/p>\n","protected":false},"featured_media":3280,"template":"","meta":{"_acf_changed":false,"_yoast_wpseo_title":"Avi Eyal answers 10 Questions | Startup for Startup","_yoast_wpseo_metadesc":"Avi Eyal, Co-Founder & Managing Partner, Entr\u00e9e Capital, shares his best investment, his biggest failure & more. 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