START-UP NATION · 262 R&D centers: mainly established after acquisition Number of R&D centers: the...
Transcript of START-UP NATION · 262 R&D centers: mainly established after acquisition Number of R&D centers: the...
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START-UP NATIONIt’s all about the narrative
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Our vision is to power how businesses create, manageand grow online
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Sites around the world
New users each month
Of employees in R&D
Countries with Wix users
50%
>2M
190 11
2000EmployeesRegistered
users
>121M
Facts About Wix
Year we went Public
2013
yearly revenue
~400M$
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// Narrative
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262R&D centers: mainly established after acquisition
Number of R&D centers: the highest in the world, per capita
40%-50%
50%(approx.) of GNP (in sector)
years10
In
exits945 $74B
Worth
of employment (in sector) in R&D centers
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SOUNDS GOOD,
RIGHT?
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40%-50% of employment
50% (approx.) of GNP (in sector)
67% of R&D in multinationals
67% of R&D – Draining from Israel
Only 63% of patents invented in Israel stay Israeli (20% less in 10 years)
Only 5% of companies remain independent (don’t sell) in the US that stat is over 20%
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It’s all about
the narrative
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ISRAEL:
A LEADING CENTER OF
GLOBAL R&D
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There is another path
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START UP NATION
Scale
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Start ups Growth companies
Big international Israeli companies
Multinationals
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The Exit
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Why Exit?Investors push start-ups to make early exits
Founders want to “meet the money”
Not many good examples down the road
Regulatory barriers
Israeli entrepreneurs don’t know how to manage a big company
“
“Urban Legend:
It is HARD to work internationally from Israel
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The change is already here
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But the companies
CAN’T DO IT ALONE
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// Taking Action
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Growth Companies Forum
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Growing Full CompaniesKeeping the value chain in Israel
Workforce IP income Spillover effect
Market Productivity
Less dependencies
on foreign investments
Long term Value
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Regulation
IndustryMedia
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Achievements 2014-2017 We helped define tech companies in the Israeli law
We passed a major corporate tax reform
We removed M&A barriers in legislation
We reduced double regulation for traded companies
We made foreign experts recruitment easier
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// 2018 – Turning Point?
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US Tax Reform implications
Incorporation GrowthInvestment Big CompanyExit?
Israeli IP
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US Tax Reform implications
Incorporation GrowthInvestment Big Company
Endangered Sectors\
entrepreneurs
Strategic Investors VS
Israeli & Foreign VCs
New products Leakage to
US subsidiaries
Taxation on US income
Exit?
What will stay Israeli?
Acquisition of foreign IP
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// Solution
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Tech Reform: Focus on “made in Israel” Tech
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Methodology:The Entrepreneur POV
Incorporation GrowthInvestment Big CompanyExit?
Micro rather than Macro
Outcomes rather than Solutions
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Incorporatedin Israel
IP registeredin Israel
More than 1/3 of Employees in
Israel
Significant Parts of the value
chain in Israel
Who do we wish to encourage?“Employment Multiplier”
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Taxation -Incentives
Israel Capital Market
Corporate Governance Going public
Fighting the BrainDrain
Workforce -bureaucracy
Taxation –Structures
TTO’s
Funding Growth
Education
Gov. SandBox
Workforce -Competition
Corporate Governance Incorporation
Regulatory Holistic Approach
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// Branding
Making Israel Great Again
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Thank You!