Victor Orlovski on eToro’s $4B IPO: A Masterclass in Timing and Readiness

Ventures from The Valley

In this special episode of Ventures from the Valley, guest host Austen Legler interviews Victor Orlovski, the show’s usual host, for an insider’s look at eToro’s $4B IPO journey. Victor shares key lessons on market timing, organizational readiness, and strategic storytelling. From essential fintech metrics to brand-building and talent retention, this episode offers a masterclass in preparing a company to go public, perfect for VCs, founders, and fintech enthusiasts eyeing the IPO path.

What you will learn:

• How to evaluate market timing vs. company readiness when considering an IPO
• The critical transformation process required to become "public company ready"
• Why customer lifetime value and acquisition costs are the most crucial metrics
• How to build trust and brand value in fintech beyond technical capabilities
• The importance of comprehensive restructuring versus surface-level preparations
• Why storytelling and market positioning are essential elements for successful IPOs
• The "Three Pillars of IPO Success"
• How to maintain resilience through extended growth periods
• Why building a strong organizational culture and retaining key talent is crucial
• The outlook for IPO markets in 2026-2027 and why stability matters more than hype

Victor Orlovski is Managing Partner at R136 Ventures, a Silicon Valley-based VC firm with $400M AUM. With a focus on scaling mid-to-late-stage startups in B2B software, AI, fintech, cybersecurity, and ecommerce, he has led investments in over 40 companies, including 10+ exits and 4 unicorns. A former CTO and Chief Digital Officer who built one of the world’s largest digital banks, Victor brings a unique operator’s perspective, offering founders strategic insight, global access, and hands-on support for scaling success.

Disclaimer: The views expressed in this podcast are those of the speaker and are provided for information purposes only. They do not constitute investment advice, an offer, or a solicitation to buy or sell any security. References to specific portfolio companies, including larger investments, are presented solely as examples and should not be assumed to represent all investments made by R136 or to indicate overall fund performance. Past performance is not indicative of future results.

This podcast may contain forward-looking statements, which are based on current expectations, estimates, forecasts, and projections. Such statements involve risk and uncertainties, and actual outcomes may differ materially. R136 undertakes no obligation to update or revise any forward-looking statements.

Certain information discussed may have been obtained from third-party sources and is believed to be reliable. However, R136 makes no representations as to the accuracy or completeness of such information.

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