Mr. Uri Adoni, Partner at JVP - Winning the Future trough Innovation

Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute

Winning the Future

through Innovation

Quantum Leap Conference

October 4, 2013*

Uri Adoni

Partner at JVP

2Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute

Agenda

Introduction to JVP The Israeli high-tech Understanding the Phenomena Major trends to look at


JVP (Jerusalem Venture Partners)

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Consistently Performing VC Worldwide (Preqin, CA)

Top-10

Of Israel’s largest exits

26Built Over 95

Companies Since 1993

95

$17BAccumulated size of

transaction value

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UNIQUE INVESTMENT APPROACH


Creating a Full Investment Ecosystem

Strategic Partners

JVP Fund

JVP Labs

State Grants (85% of Initial Investment)

• $100k JVP Initial Investment levered by $500k State Grants

• ‘Testing Ground’ for New Technologies

• 4-5 Deals a Year – 18 Month Incubation

• $7-9mm Per Company• Graduated companies

from Incubator (after PcC)• Direct A-C Rounds

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JVP Labs: Offsetting the Risk in Seed

JVP LABSJERUSALEM

Digital Media, Software and Storage• JVP Initial Investment: $80-100K• State Grants: $450K• 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

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JVP CYBER LABS BEER SHEVA

Cyber Security and Data Protection• JVP Initial Investment: $80-100K• State Grants: $550K• Incubation: 12-18 months• Stake: 30-

50%

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 networking\

financial sectors

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INVESTMENT THEMES

NEXT GENERATION STORAGE &

INFRASTRUCTURECYBER-SECURITYDIGITAL MEDIA


Digital Media

Key Investment Themes

PLAYCAST: Cloud-based Gaming

CELLTICK: Home Screen Marketing

FUNTACTIX: IP-Branded Gaming

WISHI: Social Fashion Platform

COMQI:In-Venue Messaging

ANYCLIP: Movie Moments Capture

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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

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Next-Generation Storage and Infrastructure

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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

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Cyber Security and Enterprise Software

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Confidential, Proprietary and Trade Secret Do Not Reproduce or Distribute 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


JVP Labs Incubator

(OCS)

JVP in the Community

Our Unique Hub: The JVP Media Quarter

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Over 250 Employees

JVP Funds

Performing Arts Center and Music

Club

Restaurant and Bar

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The Israeli High-tech Industry


Israel: Innovation in FiguresHighest 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.


Israel: A Multinational Hub of the World

50% of the World’s Leading Tech Companies have R&D Centers in Israel

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Understanding the Phenomena


Diverse Ecosystem• Military• Academia• Multinationals presence• Immigration

Broad Government Incentives• 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

Addressable Market• No Local Market• The World is our Market• Building Mini-Multinationals

Israel: Understanding the Phenomena


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


And a personal note…


THANK YOU!

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Mr. Uri Adoni, Partner at JVP - Winning the Future trough Innovation

Economy & Finance

Transcript of Mr. Uri Adoni, Partner at JVP - Winning the Future trough Innovation