Jacob Ner David Presentation For Picz On June 20 2007


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What makes a startup culture--and is Israel exceptional when it comes into transforming ideas into reality? Come join PICZ for an open discussion with Jacob Ner-David, one of the world's leading hi-tech entrepreneurs and VCs.

Jacob is the Managing Partner of Jerusalem Capital I, LP, which is expanding the venture backed tech economy in Israel by going beyond core technology to "Technology Enabled Services." Jacob has been a successful serial entrepreneur for more than a decade, creating billions of dollars in shareholder value. In 2004 Jacob joined, as a founding member, the Aspen Institute Middle East Strategy Group. In the late 1980s and early 90s Jacob was deeply involved in a number of international political issues, traveling to over 20 countries, meeting with Prime Ministers, Presidents, and other senior political and communal figures. Jacob served on the executive of the World Jewish Congress and the World Union of Jewish Students. Jacob serves on the International Council of the Jerusalem Foundation and the New Israel Fund.

Published in: Business, Economy & Finance
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  • Hello my dear
    I am Modester by name good day. i just went to your profile this time true this site (www.slideshare.net) and i got your detail and your explanation in fact the way you explain your self shows me that you are innocent and maturity and also understand person i decided to have a contact with you so that we can explain to our self each other because God great everyone to make a friend with each other and from that we know that we are from thism planet God great for us ok my dear please try and reach me through my email address (modester4life4@yahoo.com) so that i can send you my picture true your reply we can know each other ok have a nice day and God bless you yours Modester
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Jacob Ner David Presentation For Picz On June 20 2007

  1. 1. June 2007 Private and Confidential This is not a solicitation or offer of securities Jerusalem Technology Park • Building 8, Floor 3 • Jerusalem, Israel Office: +972-2-648-3072 [email_address]
  2. 2. Israel Then
  3. 3. Israel of Today
  4. 4. Israel’s Place in Flat Earth <ul><li>Telecommunications Hub </li></ul><ul><li>Very Affordable Access To Connectivity </li></ul><ul><li>Deregulated More and More </li></ul><ul><li>Super-Turbo Charged Digital Mindset </li></ul><ul><li>Global from Day One – But Good Local Beta Site </li></ul><ul><li>Everyone From Everywhere – Connections, Connections, Connections </li></ul>
  5. 5. The Israeli Tech Success Story <ul><li>Israel has more companies listed on the Nasdaq Stock Exchange than any other country except the United States </li></ul><ul><li>Per capita VC funds raised in 2000: </li></ul><ul><ul><li>Israel: $600 per capita </li></ul></ul><ul><ul><li>Europe: $30 per capita </li></ul></ul><ul><li>The world's highest per capita count of engineers </li></ul><ul><li>The highest density of high-tech startups </li></ul><ul><ul><li>Nearly 4,000 in a country of six million people. </li></ul></ul><ul><li>High-tech now contributes approx 50% of exports, $15B+ in 2005 </li></ul>
  6. 6. <ul><li>Israel is like Silicon Valley or Boston- </li></ul><ul><li>Compact Geographical entity-2hrs to any deal </li></ul><ul><li>Informality is a way of life-Bibi, Dudu, Muki, Chemi </li></ul><ul><li>Risk taking is endemic </li></ul><ul><li>Pioneering Ethos </li></ul><ul><li>Immigrants drive the process </li></ul><ul><li>International networks and experience </li></ul><ul><li>Everyone questions authority – “every bastard a king” </li></ul><ul><li>Flat, anti-hierarchical social organization </li></ul><ul><li>There are no “unknown millionaires”-a real community </li></ul><ul><li>Building startups has become the national sport; entrepreneurs - the new cultural heroes </li></ul>Why Israel? It’s the Culture
  7. 7. Startup Models Change From local startups, to global startups <ul><li>We have come a long way from “I won’t invest unless I can ride my bike to all the key employees” </li></ul><ul><li>Seed round questions are now: “What is your China strategy? Why not build the product in India?” </li></ul><ul><li>Not having offshore development is seen as a disadvantage </li></ul><ul><li>Israel companies have inherent advantage since we have always built baby multinationals—the ‘Israeli model’ has gone universal </li></ul><ul><li>Now we move to three-headed companies and companies with early and primary focus on Asia </li></ul>
  8. 8. <ul><li>Fund Size </li></ul><ul><li>Target Portfolio </li></ul><ul><li>Stage </li></ul><ul><li>Team </li></ul>Our Fund Overview ~$15 million Technology-Enabled Services (TES) Seed, early stage Proven entrepreneurial, operations & investment experience
  9. 9. The Opportunity <ul><ul><li>Capital gap for TES in Israel </li></ul></ul><ul><ul><li>Lower valuations </li></ul></ul>Limited Competition <ul><ul><li>Lower risk investment strategy </li></ul></ul><ul><ul><li>Realizing faster path to liquidity with superior returns </li></ul></ul>Value-Added Proposition <ul><ul><li>Untapped TES opportunity in Israeli R&D center </li></ul></ul>Deal Flow <ul><ul><li>TES: fastest growing tech sector </li></ul></ul><ul><ul><li>Proven business models, generating revenue </li></ul></ul>Market
  10. 10. Investment Focus: Technology-Enabled Services Media & Entertainment Business & Consumer Infrastructure Communications
  11. 11. Your Daily Dose of Israeli Technology What time is it? Time for a dose of Israeli Technology
  12. 12. Personal Computers Chip Manufacturing PCB Inspection Notebook-Centrino Desktop-Pentium
  13. 13. Telephony VOIP Voice Mail Call Centers Billing Cordless Phone CellPhone
  14. 14. Consumer Electronics Compression CableTV Satellite TV LCD/Plasma DVD Flash Memory
  15. 15. Portfolio
  16. 16. Good for the Jews?? <ul><li>Think of the Jewish People/State of Israel as a Start-Up </li></ul><ul><li>What is the Elevator Pitch? </li></ul><ul><li>What is the Take-Away? </li></ul><ul><li>Is There an “Exit?” </li></ul>