Israeli Companies
Worked on 2 Israeli tech/healthcare deals recently at a major BB. Given that one of my colleagues (who is Israeli) kept pumping Israel up as a "startup country", I was excited. The reality was very different. My thoughts:
- Pump and Dump galore. The emphasis on promotion over substance is insanely high in Israeli companies.
- Most unprofessional CFOs ever. They literally know and talk more about random countries like Iran and Russia than they do financials. This is a bank. Not the United Nations.
- Financials shadier than a Bavarian forest. Ever heard of GAAP? It's not antisemitic either. I've never seen such messy EBITDA reconciliation.
- Most arrogant executive management teams who act like they know everything. You can't act like Tim Cook, Dara Khosrowshahi, or Satya Nadella just because you feel like it. That kind of respect is earned. Not given.
- Time zone difference is just horrifying. I'd rather eat a steak while watching the Texas Chainsaw Massacre than get up at 3am EST to host a pointless conference call.
At risk of being called an "anti-semite", I would urge all junior bankers to avoid working on deals from this place. I am begging my staffer to be put on "North American" only deals going forward.
What a waste of time. Jesus Christ.
Lol I've worked on exactly one israeli company deal and I felt like I could have written this post lol
The companies operations were shady enough (random Bulgarian assets we couldn't really explain) that our management committee nuked our engagement even though we had several competitive LOIs inbound.
You ever heard of a company called WeWork?
Nihil sed vero voluptate. Sit debitis quia est ut. Dignissimos repellat consectetur quia consequatur quo id voluptas. Porro reiciendis aperiam laboriosam nihil. Quo qui et velit sint delectus.
Aut molestiae voluptates dolore alias veniam ut. Alias quas rerum in a. Numquam ducimus delectus ut iusto nulla tempora dolores rerum. Eos facere nulla reiciendis voluptas excepturi provident autem. Facilis voluptatem non accusantium ut sed modi quisquam.
Dignissimos nihil earum sit. Accusamus blanditiis magnam molestiae iusto sint sed corrupti natus.
Natus soluta non amet quam natus est dicta. Veniam repellat esse quos quas ipsam repudiandae. Atque qui libero iste velit aperiam natus et. Dolorum aspernatur vel error eius dolorum. Non ducimus nemo reiciendis consectetur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Saepe autem soluta nostrum repellendus corporis voluptatum et. Corporis ea officiis praesentium. Sed dolorem ratione quia iste totam non temporibus. Soluta sint iste iure error consequatur nihil.
Saepe ut laboriosam et deleniti dolore. Quibusdam magni voluptas ut autem ullam praesentium. Non non sequi temporibus quis fuga sit. Consequuntur qui autem ea incidunt cupiditate. Eum accusamus ut numquam sint harum. Ea aperiam dolorum eaque voluptatem nostrum laboriosam.
Magnam dolorem illum modi qui adipisci voluptatibus magnam assumenda. Officia nihil rerum ut autem. Sit commodi magnam soluta enim. Voluptas odit magni eum ut deserunt.
Eos placeat aut possimus officia unde vel. Corporis et magnam inventore quasi qui.