2. Capital Raised โ Israel
Israeli VCs Foreign & Other
70% growth and return
to 2008 levels
$(millions)
Source
IVC Research Center 2012
3. Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q
Series A Deals Seed Deals
# US startup financings โ CB Insights 2013
The divergenceโs size is
remarkable. In Q3 of
2012 alone, there were
300+ more seed deals
than series A fundings.
Meanwhile, commitme
nts to venture funds are
down, VCs are
shrinking in both deals
and $ amounts.
Where can smart
investors get
behind these
unfinanced
deals?
Series A Crunch
7. Through VC or as an Angel
7
โข Exposure to top dealflow
โข Professional due diligence
โข Legal issues/termsheets handled
by firm
โข Preempive/other rights
โข Independence, self-selection
โข Low fees
โข No large upfront commitment
โข Relative speed and ease
OR
Investorsโ traditional dilemma
BUTBUT
โข Large Commitment
โข Hefty management fees, carried
interest fees
โข No control, no choice
โข Very limited dealflow
โข Term sheet negotiations
โข Limited due diligence
capabilities
โข No protection, no rights
Venture Capital Angel Investing
8. OurCrowd
8
A Hybrid VC โ Angel Investment Model
OurCrowd provides the professionalism
and experience of a venture fund and the
flexibility and choice of angel investing.
9. OurCrowd - Investors
9
โข Access to quality dealflow
โข Professional diligence and negotiation โ rights protected
โข Limited to accredited investors
โข Aggregate investors into one entity
โข Manage investments, take board seats, support companies
โข Operate legally under todayโs regulations
10. OurCrowd - Entrepreneurs
10
โข Angel money โ all futures possible
โข Deep pockets
โข Streamlined process
โข Support of a venture fund
โข The crowd supports the company
11. How the Process Works
200+ potential
deals per month
Screening by
investment team
Meetings with
management
Ongoing
in-depth
diligence
Prep
โข Large volume of
quality dealflow
โข Startups from across
the Israeli tech sector
40+
deals
20+
deals
5-10
deals
2-3
deals
Deal
#1
Deal
#2
web email referral proactive sourcing
11
12. The 6-point OurCrowd Approach
1. Great team: Successful startups are founded by great
people.
๏ We pay special attention to successful serial entrepreneurs
2. Market: The startup must address huge market
growing like a weed.
๏ No arcane ideas addressing niche markets.
3. Easy to understand: We look for investments with a
simple value proposition
๏ Easily understood by us AND by โour crowdโ.
๏ We like technology, but we like real value added solutions even
better
12
13. The 6-point OurCrowd Approach
4. Traction: Investing in early stage companies, but not
just ideas or pre-prototype
๏ We want to see an early version of the product
๏ Traction can come in many forms:
users, customers, partners, revenues
5. Sponsorship: Investing in startups/building early stage
companies is a team sport
๏ The right board, advisors, strategic partners or angels is critical.
๏ We think partnering with other smart investors is a big plus.
6. We seek โdealsโ and are value-sensitive
13
14. Our Team
Jon Medved
- Washington Post: "one of Israelโs
leading high tech venture
capitalistsโ
- 12 exits >$100M
- Co-founder, CEO of VRNG
- Founder & GP at Israel Seed
Partners, $260M managed
Elan Zivotofsky
- 15yrs experience in Israeli
investing
- Managing Partner at Prelude
Israel
- Former Head of Technology
Banking, Lehman Brothers Israel
- Top-ranked Israeli tech research
analyst for Goldman Sachs
Steven Blumgart
- Co-director of Glencore's
aluminum division
- Senior
executive, management
committee at Glencore
1998-2012
Pini Lozowick
- General Partner at Alta
Berkeley
- Among first employees at
Broadcom, Dir. Marketing
- Chairman of Provigent
- Founder and GM of
Verisense
- 5 exits = total value $3B
14
15. Our Team
Robbie Citron, CFO
- 25 years of experience
- Partner and CFO of
Jerusalem Global
Ventures
- Financial Controller and
Company Secretary of
Hanson PLCโs Israeli
branch
Evelyn Rubin
- JVP โ focus on
semiconductor industry
- Senior editor Seeking
Alpha
- Cipher IT
- Business development at
OurCrowd
Audrey Jacobs
- M3 Solutions -
marketing
- PR international
advocacy organizations
- VP Investor Relations at
OurCrowdโs first US
office
15
Gadi Mazor
- Serial entrepreneur
- Founded 3 wireless
companies
- Advisory board for
Blackberry
- Talpiot 8200
- Wireless advisor to US
Senate
16. Our Team
Crowdfunding
challenges - May 2013
Liora Katz
- Israel Seed Partners
- Founding team at
VRNG
- Founding team at
OurCrowd
David Arnovitz
- Founder, VP R&D @ S1
- Cofounder, Pres.
SecureWare
- VP Ops @ Shalem
Jay Kalish
- CEO Patir Tech
- VP IR @ Allot
- General Counsel @ Teledata
- General Counsel @ e-SIM
16
Zack Miller
- VP BizDev at Seeking
Alpha
- Leadership positions with
Lending
Club, LearnVest, Covestor, a
nd SigFig
- Author of Tradestream Your
Way to Profits (Wiley, 2010)
17. Press Coverage
โ5 Most Important
New Companiesโ
Forbes Online | April 2nd
โAn Israeli company trying
to change the way startups
are fundedโ
CNN Business 360 | April 30th
โThe investment team at
OurCrowd rocksโ
The Next Web | February 6th
โThe most interesting investment of
the week goes to OurCrowdโฆ brought
together ten seasoned investment pros
to create a crowdfunding hybrid to
back Israeli startups.โ
WSJ| February 8th
17
18. Press Coverage
โHow do you invest in Israel without a lot of money? Try
crowdfunding venture capitalistsโ IBT | March 22
18
19. Fireblade: biggest
crowdfunded round ever
April 2
โ5 Most Important New
Companiesโ โ Forbes
April 2
1000+
accrediteds
May 5
$11M+
May 5
Milestones
19
Launch
Feb 5
$10M
Apr 20
325+ unique
commitments
May 14First US company
funded โ $1M+
March 5
First follow-
on financing
March 15