Winning the Future

through Innovation
Quantum Leap Conference
October 4, 2013
*

Uri Adoni
Partner at JVP
Confidential, P...
Agenda
 Introduction to JVP
 The Israeli high-tech

 Understanding the Phenomena
 Major trends to look at

Confidentia...
JVP (Jerusalem Venture Partners)

95

Built Over 95
Companies Since 1993

$17B
Accumulated size of
transaction value

26

...
UNIQUE INVESTMENT
APPROACH
*
Creating a Full Investment Ecosystem
Strategic
Partners
• $7-9mm Per Company
• Graduated companies
from Incubator (after P...
JVP Labs: Offsetting the Risk in Seed
JVP LABS
JERUSALEM

JVP CYBER LABS
BEER SHEVA

Digital Media, Software and Storage
•...
INVESTMENT THEMES
DIGITAL MEDIA

NEXT GENERATION
STORAGE &
INFRASTRUCTURE

CYBER-SECURITY
*
Key Investment Themes
Digital Media

PLAYCAST:
Cloud-based Gaming

CELLTICK:
Home Screen Marketing

FUNTACTIX:
IP-Branded ...
Key Investment Themes
Next-Generation Storage and Infrastructure

XTREMIO:
Next-Gen SSD Storage

CYOPTICS:
High-Speed Conn...
Key Investment Themes
Cyber Security and Enterprise Software

QLIKTECH:
BI Data Mining Software

CYBERARK:
Secure Sharing ...
What do we look for (or, how do we choose
companies)?
 Look at 600-700 start-ups every year.

 Structured deal flow proc...
Our Unique Hub: The JVP Media Quarter

Restaurant
and Bar

Over 250
Employees

Performing
Arts Center
and Music
Club

JVP ...
The Israeli High-tech Industry
*
Israel: Innovation in Figures
 Highest Density of Start-Ups in the World
 4,000 start-ups, or 1:2,000 Israeli‟s

 Leade...
Israel: A Multinational Hub of the World

50% of the World’s Leading Tech Companies
have R&D Centers in Israel
Confidentia...
Understanding the
Phenomena
*
Israel: Understanding the Phenomena
Diverse Ecosystem
• Military
• Academia
• Multinationals presence
• Immigration

Addre...
Major trends to look at:
 It’s all about the individual
 Smart Mobility including mobile payments
 Hybrid IT and Cloud ...
And a personal note…

Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
THANK YOU!
*

Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
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Mr. Uri Adoni, Partner at JVP - Winning the Future trough Innovation

  1. 1. Winning the Future through Innovation Quantum Leap Conference October 4, 2013 * Uri Adoni Partner at JVP Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  2. 2. Agenda  Introduction to JVP  The Israeli high-tech  Understanding the Phenomena  Major trends to look at Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  3. 3. JVP (Jerusalem Venture Partners) 95 Built Over 95 Companies Since 1993 $17B Accumulated size of transaction value 26 Of Israel‟s largest exits Top-10 Consistently Performing VC Worldwide (Preqin, CA) Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  4. 4. UNIQUE INVESTMENT APPROACH *
  5. 5. Creating a Full Investment Ecosystem Strategic Partners • $7-9mm Per Company • Graduated companies from Incubator (after PcC) • Direct A-C Rounds JVP Fund JVP Labs • $100k JVP Initial Investment levered by $500k State Grants • „Testing Ground‟ for New Technologies • 4-5 Deals a Year – 18 Month Incubation State Grants (85% of Initial Investment) Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  6. 6. JVP Labs: Offsetting the Risk in Seed JVP LABS JERUSALEM JVP CYBER LABS BEER SHEVA Digital Media, Software and Storage • JVP Initial Investment: $80-100K • State Grants: $450K • Incubation: 12-18 months • Stake: 30-50% Cyber Security and Data Protection • JVP Initial Investment: $80-100K • State Grants: $550K • Incubation: 12-18 months • Stake: 30-50% Leading Track Record in Israel Today • First Israeli incubator to be owned by a VC Fund • Invest double minimum requirement by program • Zoomix sold to Microsoft after 3 years • Navajo sold to Salesforce after 20 months 780% IRR Proprietary Incubator for Cyber and Big Data • Only incubator focused on fastest growing sector today • Collaborating with the Beer Sheva University • Close proximity to Israeli Communications Corp. • Building strong partnership with networkingfinancial sectors Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  7. 7. INVESTMENT THEMES DIGITAL MEDIA NEXT GENERATION STORAGE & INFRASTRUCTURE CYBER-SECURITY *
  8. 8. Key Investment Themes Digital Media PLAYCAST: Cloud-based Gaming CELLTICK: Home Screen Marketing FUNTACTIX: IP-Branded Gaming WISHI Social Fashion Platform COMQI: In-Venue Messaging ANYCLIP: Movie Moments Capture Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  9. 9. Key Investment Themes Next-Generation Storage and Infrastructure XTREMIO: Next-Gen SSD Storage CYOPTICS: High-Speed Connectivity SIANO: Mobile Broadcast TV ALTAIR: LTE Networks SEPATON Data De-Duplication REDUXIO: Next-Gen SSD Storage Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  10. 10. Key Investment Themes Cyber Security and Enterprise Software QLIKTECH: BI Data Mining Software CYBERARK: Secure Sharing of Data NAVAJO SYSTEMS: Encryption to the Cloud AE SQUARED: BYOD Data Protection EARNIX Integrated Pricing Analytics THETA RAY: Big Data Forensics Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  11. 11. What do we look for (or, how do we choose companies)?  Look at 600-700 start-ups every year.  Structured deal flow process  A mechanism of market analysis and filtering  Team – Professional and passionate  Market – Growing and not too crowded  Product – with a real competitive advantage Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  12. 12. Our Unique Hub: The JVP Media Quarter Restaurant and Bar Over 250 Employees Performing Arts Center and Music Club JVP in the Community JVP Funds JVP Labs Incubator (OCS) Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  13. 13. The Israeli High-tech Industry *
  14. 14. Israel: Innovation in Figures  Highest Density of Start-Ups in the World  4,000 start-ups, or 1:2,000 Israeli‟s  Leaders in Start-up Investing per Capita  2.5x greater than in the US  30x greater than Europe  80x greater than China  350x greater than India.  No. 1 NASDAQ of Non-US listed countries – 32 companies, over $50B in market cap, over $28B in revenue  83 M&A deals 2008-2012, aggregate value of $16.5B  Many leading global companies with local presence. Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  15. 15. Israel: A Multinational Hub of the World 50% of the World’s Leading Tech Companies have R&D Centers in Israel Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  16. 16. Understanding the Phenomena *
  17. 17. Israel: Understanding the Phenomena Diverse Ecosystem • Military • Academia • Multinationals presence • Immigration Addressable Market Broad Government Incentives • No Local Market • The World is our Market • Building Mini-Multinationals • Yozma Program • Chief Scientist • Incubator Program • Tax and other incentive benefits Entrepreneurial Culture • Willingness to question conventional wisdom • Constructive failure • The “Chutzpa” effect • Adapting to change and improvising Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  18. 18. Major trends to look at:  It’s all about the individual  Smart Mobility including mobile payments  Hybrid IT and Cloud Computing  Internet of Things and Wearables  Cyber Security  Enterprise Mobility  Actionable and Real-Time Analytics – analytics as a major differentiator  Social means more than Facebook  Power of the Crowd Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  19. 19. And a personal note… Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
  20. 20. THANK YOU! * Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute
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