Venture Capital Venture Capital Investments Investments Mr. Yigal Erlich President & CEO, The Yozma...
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Transcript of Venture Capital Venture Capital Investments Investments Mr. Yigal Erlich President & CEO, The Yozma...
![Page 1: Venture Capital Venture Capital Investments Investments Mr. Yigal Erlich President & CEO, The Yozma Group Chairman, Israel Venture Association.](https://reader036.fdocuments.in/reader036/viewer/2022082710/56649e735503460f94b731af/html5/thumbnails/1.jpg)
Venture Capital Venture Capital InvestmentsInvestments
Mr. Yigal ErlichMr. Yigal Erlich President & CEO, The Yozma GroupPresident & CEO, The Yozma GroupChairman, Israel Venture AssociationChairman, Israel Venture Association
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0
200
400
600
800
1000
1200
1400
1600
1800
1993 1994 1995 1996 1997 1998 1999
$M
Venture Capital Raised
1st Wave:Establishment
of Yozma
2nd Wave
3rd Wave
Source: PriceWaterhouseCoppers
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1993-5
Average Leading VC Size ($M) 20
No. of Venture Firms 15
1996-8
80
40
1999-01
180-200
60
VC firms development over the years
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Distribution of Capital Raised by H/T Companies by Character of Investor ($M)
0
500
1000
1500
2000
2500
1997 1998 1999 Q1-Q3/2000
Other
VC investments
Source: PriceWaterhouseCoppers
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Capital Raised in Public Offerings ofIsraeli Companies in the US
0
500
1000
1500
2000
2500
1994 1995 1996 1997 1998 1999
$M
Venture BackedAll
In total: during the past 7 years more than 100 Israeli companies raised ~$6B ; 40% of them were venture-backed
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M&As of Israeli Technology Companies and Foreign Strategic Partners:
1994 - 1997 $1.5B
1998 - 1999 $4.5B
1st Half - 2000 $7.6B
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Investments by Industry (1999, $1B)
48%
29%
9%
9%
2% 3%
Software
Communications
Medical Devices
Computers &Electronics
Biotechnology
Other
Source: PriceWaterhouceCoopers - MoneyTree
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Capital Raised by Israeli High-Tech Companies
0
100
200
300
400
500
600
Q1/99 Q2/99 Q3/99 Q4/99 Q1/00 Q2/00 Q3/00
Mill
ions
of D
olla
rs
Communications
Internet
Software
Source: PriceWaterhouseCoppers
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Israeli VC Arena today
Political Risk Declining Capital Markets Uncompetitive Tax Policy Mature VC market Globalization of VC’s
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Uncompetitive Tax Policy
Tax on foreign Investors Double tax on Israeli related
companies for U.S investors Double tax on some European
Investors
Uncompetitive VC Market
Increased Carried perception
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