5 Ingredients for the Perfect Investment | Jeff Horing Interview

now viewing▶ 55:13

Early investor in Monday.com at $5M ARR, now a public company success

2025-09-16 · 10 company · 10 thematic

sentiment

9 bull1 bear0 neu

speakers

jeff horing

Jeff Horing founded Insight Partners in the mid-1990s after leaving Warburg Pincus; he built the firm into a $12B+ single-fund platform across venture, growth, and buyout stages, pioneering software-focused sourcing at scale and a 'one fund' strategy. He remains deeply involved in deal sourcing, portfolio management, and firm culture.

quote

“Monday it was an interesting company but not the most obvious funded company. It was you know probably five million in size when we backed it and Cena is another public one I'm involved with. It was sort of four or five million in size whe…”

—jeff horing

now playing · $MNDY

$DATABRICKSbullish· medium· posjeff horing

Insight invested in Databricks mega-round at massive private valuation

Databricks represents the new paradigm of companies staying private longer and raising IPO-plus rounds; Insight evaluates through forecast, likely exit value, and risk-adjusted ve…

$WIZbullish· high· posjeff horing

Wiz is a flagship portfolio company backed at zero revenue, doubling net new bookings for six years

Wiz checked all five perfect investment criteria: big ROI, big ASP, fast time-to-value, great CEO and tech team; net new bookings doubled annually for six years creating massive c…

$VERITASbullish· medium· posjeff horing

Vertafore was Insight's first software buyout in 1999, now owned by Vista

Vertafore proved software companies with cash flow could be bought and levered; Insight high-fived at 2x leverage then, today it likely carries 9x leverage showing market evolutio…

$MNDY···bullish· high· posjeff horing

Early investor in Monday.com at $5M ARR, now a public company success

Monday was not the most obvious funded company but had the right metrics; Insight backed at ~$5M ARR and it grew into a large TAM supporting a major exit.

$S···bullish· medium· posjeff horing

Early investor in SentinelOne at $4-5M ARR, now public

SentinelOne (referred to as Cena) was backed at $4-5M ARR and grew into a public company; exemplifies Insight's early-stage sourcing and scaling within one-fund strategy.

$ANTHROPICbullish· medium· posjeff horing

Insight backed Anthropic in recent large round via public strategy fund

Anthropic's CEO Dario Amodei is phenomenal with a defensible moat; revenue inflected dramatically with coding adoption in last four months, making it an interesting bet despite la…

$RIVIERA-PARTNERSbullish· medium· posjeff horing

Insight bought large stake in Riviera Partners, top tech executive recruiting firm

Riviera is the largest tech recruiting firm for C-level/CTO/CPO talent; critical asset in AI age where talent is everything, supporting portfolio companies' hiring needs.

$UBER···bearish· highjeff horing

Insight passed on Uber at attractive round, calls it a huge mistake

Insight evaluated Uber at a great round but partnership voted to pass; acknowledges it was a massive missed opportunity due to mandate limitations and West Coast bias.

$MSFT···bullish· mediumjeff horing

Microsoft can enhance existing products with Copilot rather than rebuild from scratch

AI is a TAM expander for incumbents: Microsoft can make PowerPoint better with Copilot and expand addressable market, not just defend against disruption.

$ADBE···bullish· mediumjeff horing

Adobe can expand Photoshop market share from 3% to 20% via AI lowering learning curve

AI dramatically reduces user interface complexity, allowing Adobe to expand Photoshop's addressable market from 3% to 20% of humans by lowering the learning curve an order of magn…