World Economic Forum Picks Israel’s Takadu as one of its 2011 Technology Pioneers

The World Economic Forum in Dabos selected thirty-one companies from 13 countries and five continents to receive an award for visionary accomplishments in the fields of clean tech, health and information technologies/new media. The companies were selected by a committee of leading academics, journalists, technologists and venture capitalists from around the world.

This year’s winners included a higher number of clean tech companies, Amongst the 31 companies to receive the honor is Israeli startup Takadu, creator of a SaaS product for water distribution networks through the adoption of a grid approach.Takadu’s product enables utility companies to detect leaks, bursts and equipment failures as well as alerting personnel of any problems through email and SMS. Takadu’s business model consists of charging a monthly fee from its clients, which already include the Thames Water company and other utility companies in Israel and Asia Pacific. The company was founded in 2009 by Amir Peleg, a serial entrepreneur who previously founded Yadata (acquired by Microsoft in 2008), Unipier and EVS (went public in 1991) currently serves as CEO and its investors include Gemini Israel Funds and Giza Venture Capital.

Here’s the committee’s official nomination:

Why the company is a Technology Pioneer?

By combining smart IT and software-as-a-service, TaKaDu is radically improving the efficiency of water networks, significantly increasing the world’s water supply. It is also reducing energy consumption since water production and distribution require a lot of energy, so preventing water loss also prevents this waste.

Other winners on the list include check-in site FourSquare (see excellent WSJ article), mobile directory GetJar and the rest below.

energyandenvironment	informationtechnologiesandnewmedia	lifesciencesandhealth
Digital Lumens	Aster Data	Adimab
Ecovative Design	Atlassian	Ion Torrent *
Ferrate Treatment Technologies	foursquare	Medicine in Need (MEND)
Flexoresearch Group	GetJar	Molecular Partners
Novacem	Knewton	Neuronetics
On-Ramp Wireless	Layar
OPOWER	NetQin Mobile
Ostara Nutrient Recovery Technologies	OpenDNS
Quintas Renewable Energy Solutions	ReputationDefender
TaKadu	Scribd
Tendril	SecondMarket
Topell Energy	Spotify
Transonic Combustion	Vortex Engineering

Read the winner’s profiles and download the full report at http://www.weforum.org/techpioneers.

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Invest in Israel Newsletter August 2010 Edition

As every month, VC Cafe is re-posting the “Invest in Israel” Newsletter, published by the investment promotion center of Israel’s Ministry of Industry, Trade and Labor, which offers many helpful tools for prospecting investors.  See the March 2010 edition after the jump. For previous editions, click here.

Read more…

Ten Takeaways from Deloitte’s 2010 Israel VC Indicator Survey

Deloitte Touche in Israel produces a Venture Capital and Private Equity survey every other quarter in an attempt to identify trends within the venture capital arena and give a summary of VC expectations of the Israeli VC community for the next six to twelve months. This is the survey’s 33rd installment in Israel with the responses were collected in June this year.

Here are the top 10 takeaways from this quarter’s VC indicator survey:

1. 76% of respondents believe that the Treasury Department’s “Competitive Advantage” program to encourage the high-tech industry should focus on encouraging Seed investments.
2. 38% of venture capitalists believe that their focus should be on updating the technological incubators program.
3. Only 14% believe that the Treasury should encourage mature Israeli companies to acquire Israeli startups
4. Only 60% of respondents claimed deal flow activity will increase, in comparison to 72% in previous quarter.
5. 77% of venture capitalists believe the gap is in Seed and First Round. 13% of respondents believe this gap to be in Mezzanine financing and no venture capitalist believes that there is no investment gap.
   

   Clear cut: VC activity in Israel will become difficult

6. A striking 77% of respondents claim that venture capital fund raising will become more difficult; whereas only 23% claim that venture capital fund raising will remain the same.
7. Nearly half of respondents (45%) forecast the Gaza conflict to have negative affects on venture capital fund raising.
   

   Investment gap in israel is strongest in seed and first stage investments as VCs prefer less risk

8. All venture capitalists forecast that heavily indebted European countries will negatively impact venture capital
   fund raising in Israel. The silver lining is that four out of every five surveyed participants (80%) believe this impact to be a minor one, with only 20% stating the opposite.
9. 53% of venture capitalists expect a drop in assets under management(AUM), whereas, only 14% of respondents expect an increase in AUM.
10. there was a significant increase in optimism pertaining to Israel embarking on its first IPO on the NASDAQ since July, 2007 (Voltaire). This was easily understood by an impressive 72% of respondents believing for this to occur by the end of this year. Despite the evident increase in NASDAQ IPO optimism there is still roughly one quarter of venture capitalists who believe an IPO on the NASDAQ will occur only later than 2011.

In general, the survey results show a tone of cautious optimism with regards to Israel’s economic climate. VCs are concerned about their ability to raise additional funds, but are relatively bullish when it comes to M&A activity ramping up as well as the resuscitation of the IPO market next year.

IVC Report Q2 2010: Seeds of Recovery in Venture Capital Funding

The summary of high tech capital raising in Q2 is out, and the IVC Research Center confirm what we’ve already knew – capital raising in Israel is showing seeds of recovery (see VC Cafe’s post “Crisis Shmisis“) with $343 million raised in 104 deals, representing an increase of 47% from the previous quarter. Life sciences  continue to lead capital raising, attracting $109 million, and Israeli VC investments are a much smaller slice of the pie.

In the second quarter of 2010, Israeli VC funds invested $91 million in Israeli startups. While the figure is 17% higher than the amount invested in Q1, it is 19% below the $113 million invested in Q2 of 2009 and a 23% decline compared to the first half of last year. In total, Israeli VC funds were responsible for 26% of the total amount invested in Israeli high tech in Q2 2010, compared to 33% in the previous quarter and 40% in Q2 2009.  Is the well drying up for Israeli funds or are International investors becoming more active?

On the other hand, Israeli VC funds invested $12 million in foreign companies during Q2 of 2010, compared to $3 million in Q1 and $21 million in Q2 of 2009. Two out of seven of foreign transactions were first investments. This is an interesting stat, given that Israel prides itself by having the largest number of startups per capita in the world. What is driving Israeli investors to look outside of the country?  Is it the fear of boycott of Israeli companies, pure diversification of their portfolios or simply less attractive investments in Israel?

In terms of sectors and stage of investments, life sciences and Internet companies remain the most attractive recipients of venture capital funding with 32% and 20% of all investments respectively. Seed investments represented only 5% of the total, similar to last quarter, but down from 9% in Q2 of 2009. Early stage companies in the R&D phase, raised 32% of the total capital raised and mid-stage companies with up to $10 million in revenues attracted 49% of the capital. The average first investment by an Israeli VC fund was $1.94 million and the average follow on round was $0.85 million in Q2 2010.

In summary, Koby Simana, CEO of IVC Research Center, said:

“We are seeing what may be the seeds of recovery in capital raising by Israeli high-tech companies. However, the share of Israeli VC fund activity continues to drop – declining in Q2 to its lowest level in ten years. In the meanwhile, some of the impetus can be explained by non-Israeli VC funds stepping up. It still remains to be seen if the increase in amounts raised is a one time event or a bona fide change in the trend.”

Bitesize Friday: Compass EOS, Soho OS, Supersonicads, Legolas Media and More

Some call it “quick hits“, “first read” or “readings“. At VC Cafe we call it Bitesize.

Below are the headlines for the week of July 8 2010:

Startups of the week

SupersonicAds – a dominant leader in virtual currency monetization for online games, virtual worlds and social networks. The company’s customizable, plug and play payment platform gives consumers the opportunity to earn virtual currency for free by completing targeted offers, watching video branded ads, and engaging with leading brands. The company is headquartered in London, UK, with satellite offices in the US and Israel. Supersonicads was founded in 2008 by Gil Shoham (CEO) and Arik Czerniak (COO) and Nissim (Romi) Romano (CTO).

Legolas Media – Currently in stealth mode, The Legolas Media team is focused on innovating digital display media. The company is currently engaging with buyers and sellers in the marketplace, focused on revolutionizing the usage of data for performance based advertising. Co-founded by Yiftah Frechter, Yoav Arnstein and Ran Cohen, all former execs of recently IPO-ed Eyeblaster.

Miscellaneous

Cellcom, the leading mobile provider in Israel, enters the financial services market with new “mobile wallet” product. Cellcom partnered with Citi Bank to offer its customers a mobile payments solution and money transferring, to be launched by the end of 2010. Amos Shapira, Cellcom’s CEO in the official press release: “The mobile phone is the world’s most common computerized retail point of sale. It is this added value that Citi and the Company intend to bring to the financial services market.”

Investment Rounds

Soho OS raised $1 million from The T.i.m.e (as in Telecom, Internet, Media and Entertainment), an angel fund led by Ilan Shiloach and Nir Tarlovski among others.  Soho OS offers a suite of freemium software packages such as Quicken for accounting, Yahoo’s Zoho for word processing and MS-office like tools and SalesForce’ s CRM. Roi Carthy covered them on Techcrunch and Hebrew coverage is available on TheMarker.  See the Soho OS video demo below.

Rumors: Compass EOS, an Israel-based stealth chip developer specialized in electro-optical systems for telecommunication,  announced that it will raise $20 million in a round of funding led by new investor Crescent Point Group. The round will include participation from existing investors including Benchmark Capital, North Bridge Venture Partners, Pitango Venture Capital, and Cisco Systems. On closing of this round the company would have raised $55 million in funding till date. The company was founded in 2007.

VC News

Venrock, the Rockefeller family’s venture capital arm, announced its has raised $350 million for its Venrock VI Fund. Venrock actively invests in technology and telecommunication companies in Israel including: Bhive, which was sold to VMware Inc. (NYSE: VMW) in 2008 for $67 million; P-cube, which was sold in 2004 for $200 million; web application firewall developer Imperva, B2B market platform developer Bizo, and Web 2.0 services developer Xconnect.

Around the world

Twitter’s founder and CEO Biz Stone said that Twitter gets over 800 million queries a day at a conference in Aspen. That’s more than Bing and Ask combined. A deeper look into the nature of the queries created controversy. It appears that most queries are automated pings from third party services looking for the freshet updates, as opposed to people typing the query into the search box and clicking on search. Paidcontent and Alley Insider debate.

Scaling up: Gerson Lehrman Group Announces Bloomberg Partnership

Gerson Lerhman Group (“GLG”, but not to confuse with the hedge fund), the world’s largest monetized expert network, and Bloomberg Professional Services announced a high-value collaboration, enabling Bloomberg Professional clients access to more than 50,000 select GLG Council Members through the Bloomberg terminal.

According to the GLG-Bloomberg partnership page, Bloomberg Research clients will be able to combine trusted sell-side and independent research reports with human expertise. From now you, Bloomberg users can discover GLG council members, view profiles of select experts, request phone consultations, access news commentary and participate in events, including live meetings, teleconferences and webcasts.

This is a huge distribution deal for GLG, and it may very well take the company to the next level. The partnership with Bloomberg gives Gerson Lehrman Group reach into their target demographic and also validates the expert network model as an important information source for investors.

Scale is another important factor to consider. Gerson Lehrman Group has invested significant efforts into its systems and already enjoys the status of having the most comprehensive compliance framework for its clients. With a network of over 250,000 experts and more than 400 employees, the missing piece is scale, the ability to quickly ramp up the number of clients while keeping a manageable overhead cost. The presence on Bloomberg terminals gives GLG what no marketing campaign could deliver: a call to action on the screens of their addressable market and a steady stream of sales prospects.

A few dozen expert networks started in recent years with the hopes of emulating Gerson Lehrman Group’s success.  But most of them, including the LinkedIn Research Network, have yet to close the gap with GLG. The GLG-Bloomberg partnership will certainly not make it any easier for them.

Congratulations to Mark and the fantastic team at GLG!

Disclaimer: I used to work for Gerson Lehrman Group in New York 2004-2007 as product manager and am a member of the GLG Councils.

Invest in Israel Newsletter June 2010 Edition

As every month, VC Cafe is re-posting the “Invest in Israel” Newsletter, published by the investment promotion center of Israel’s Ministry of Industry, Trade and Labor. The investment promotion center works closely with potential and current investors before, during and after investment, and serves as a resource for investment related information about Israel. For previous editions of the newsletter, click here.

ISRAEL RANKED 17TH MOST COMPETITIVE ECONOMY BY IMD

The Swiss Institute for Management Development (IMD) ranked Israel 17th out of 58 of the world’s most economically developed nations in its 2010 World Competitiveness Yearbook, raising it by seven spots from its 2009 ranking.

Israel was also rated first in several of the report’s sub-categories. The Israeli economy was considered the most durable in the face of crises, and was ranked No. 1 for its expenditure in research and development as a percentage of gross domestic product (GDP). Israel also came in first for the innovative capacity of firms to generate new products, processes and services.

In the business-efficiency category, Israel scored very high in availability of skilled labor, finance skills, entrepreneurship of managers and venture capital.

The Bank of Israel was also praised, ranking highest among central banks for its efficient functioning, after receiving 8th place in 2009. The Bank of Israel played an important role guarding the Israeli economy from the effects of the global financial crisis.

The IMD, which is a leading business school located in Lausanne, Switzerland, examines the level of developed nations’ competitiveness based on some 330 different parameters.

Read more…

Crisis Shmisis: Q2 2010 Closes with 40 deals and more than $400 million raised in Israel (Deal Summary)

The second quarter of 2010 has come and gone and despite the depleting VC and incubator capital in Israel, the quarter has brought approximately 40 deals with over $400 million invested. Several of the rounds we not disclosed – perhaps the IVC report later this month will provide a bit more information.

Looking at the aggregated list gives a quick sense of what funds are actively making investments. Worth noticing that Battery Ventures and Sequoia are picking pace amongst the foreign funds and Carmel and Gemini.

Here are a few hand-picked deals by VC Cafe:

• June 22, 2010 – Moblica, the parent company of  Snaptu, developer of a  free mobile app for non-touch phones, announced that it has raised $6 million in its series B round of funding led by new investor Carmel Ventures and joined by existing investor Sequoia Capital. As a part of the round Rina Shainski, General Partner of Carmel Ventures joined company’s board.
• On June 22, 2010 - Perfecto Mobile closed an undisclosed  third round of funding from new investor Vodafone Ventures and returning investors Carmel Ventures and Vertex Venture Capital. The company has raised $14 million till date.  See previous coverage of Perfecto on VC Cafe.

• June 15, 2010 -Tawkon, the mobile app that detects the level of radiation coming out of the mobile device, announced that it has raised an undisclosed amount in a round of funding led by new investor TASC Strategic Consulting. Apple rejected the app but the company plans to continue developing on the Android and Blackberry platforms.

• May 31, 2010 - SimilarGroup (formerly known as SimilarWeb) announced that it has raised $1 million in its series A round of funding from Naftali Investments, Docor International, Yossi Vardi, Omer Kaplan, Liron Rose, and private investors. The company has raised $1.1 million till date. Can ‘related content’ work as business model?
• May 25, 2010 - ZeRTO, an Israeli startup developing cloud computing services announced that it has raised a first round of $6 million from Battery Ventures and existing investor Greylock Partners. The company has raised $6.2 million till date. The company is still in stealth…
• May 24, 2010 - Taykey announced that it has raised an undisclosed amount in a round of funding from new investor Sequoia Capital. Taykey offers an Interest-based advertising platform for publishers, ad-networks, and creative agencies that integrates the current advertising platforms, delivers targeted ads, and creates campaigns. The company was founded in 2008 and is based in Herzlia Pituach, Israel. Given that Sequoia is also invested in Kenshoo for SEM campaign management, we can help but wonder if the fund is doubling down on advertising management solutions?

For the full list of investments in Q2 2010 across sectors (courtesy of Capital IQ) see the table below:

announceddate	closeddate	target	buyerinvestors	sizemm
04/07/2010	04/07/2010	Dia Cardio Ltd.	Ofakim Hi-Tech Ventures Ltd.	0.64
01/07/2010	01/07/2010	Pneumedicare Ltd.	Globe International Holdings S.A.	1.25
23/06/2010	-	IQwind Ltd.		6.7
23/06/2010	-	Maayan Technology Ventures Ltd. (TASE:MAYN)	Infinity Private Equity Fund; Suzhou Ventures Group Co., Ltd.  Buyer Funds:	5.18
			Infinity Israel-China Fund
22/06/2010	22/06/2010	Asim Investments Ltd (TASE:ASIM)		6.24
22/06/2010	22/06/2010	Moblica Ltd.	Carmel Ventures; Sequoia Capital	6
21/06/2010	21/06/2010	Asocs Ltd.	FIE Investment Management LLP;Forum International Equity Fund Ltd.	-
21/06/2010	22/06/2010	Perfecto Mobile Ltd.	Carmel Ventures; Vertex Venture Capital; Vodafone Ventures	-
21/06/2010	21/06/2010	PhotoPill	Naiot Venture Accelerator	-
15/06/2010	15/06/2010	Azrieli Group Ltd (TASE:AZRG)	First International Bank of Israel, Investment Arm; Poalim Ventures Ltd.	131.06
15/06/2010	15/06/2010	Tawkon Ltd.	TASC - Strategic Consulting	-
14/06/2010	14/06/2010	Andromeda Biotech Ltd.	Clal Biotechnology Industries (TASE:CBI); Teva Pharmaceutical Industries Limited (NasdaqGS:TEVA)	17.5
07/06/2010	07/06/2010	Panaya, Inc.	Battery Ventures	7
03/06/2010	08/06/2010	Cardio Vascular Medical Device Corp. (OTCBB:CVSL)	Olympus Capital Group, LLC, Invesment Arm	0.1
03/06/2010	03/06/2010	EarlySense Ltd.	Bridge Investment Fund; Docor International B.V.; Noaber Foundation; Pitango Venture Capital; Proseed Venture Capital Fund Ltd (TASE:PRSD); The Challenge Fund - Etgar L.P.  Buyer Funds:	13
			Bridge Investment Fund L.P.;ProSeed Venture Capital Fund
03/06/2010	03/06/2010	Play4Skill Ltd.	ACW GREY Israel	-
02/06/2010	02/06/2010	Aeronautics Defense Systems Ltd.	Poalim Ventures Ltd.; Viola Private Equity Buyer Funds:	28
			Viola Private Equity, L.P.
01/06/2010	-	Entera Bio Ltd.	Laser Detect Systems Ltd. (TASE:LSDT)	0.6
31/05/2010	31/05/2010	SimilarGroup Ltd.	Docor International B.V.; Naftali Investments S.S. Ltd.	1
27/05/2010	27/05/2010	Dune Medical Devices Ltd.		7.7
27/05/2010	-	Maariv Holdings Ltd. (TASE:MARV)		20.81
27/05/2010	-	Multiphy Networks Ltd.	Carmel Ventures; Maayan Technology Ventures Ltd. (TASE:MAYN); Vertex Venture Capital	7.2
26/05/2010	07/06/2010	Aposense Ltd. (TASE:APOS)	Leumi Partners Underwriters Ltd.;Pontifax Ltd.; Ziegler Meditech Equity Partners, LP  Buyer Funds:	7.97
			Ziegler Meditech Equity Partners, L.P.
25/05/2010	-	Medgenics Medical Israel, Ltd.		0.43
25/05/2010	25/05/2010	ZeRTO Ltd	Battery Ventures; Greylock Partners	6
24/05/2010	24/05/2010	BioControl Medical Ltd.	Medtronic, Inc. (NYSE:MDT)	70
24/05/2010	24/05/2010	Taykey LTD.	Sequoia Capital	-
23/05/2010	23/05/2010	Aposense Ltd. (TASE:APOS)	Pontifax Ltd.; Ziegler Meditech Equity Partners, LP  Buyer Funds:	3
			Ziegler Meditech Equity Partners, L.P.
10/05/2010	10/05/2010	Emefcy, Ltd.	Israel Cleantech Ventures; Pond Venture Partners Ltd.  Buyer Funds:	5
			Israel Cleantech Ventures
03/05/2010	03/05/2010	Fashion Sense Inc.	Gemini Israel Funds	1
02/05/2010	02/05/2010	Advanced Ophthalmic Pharma Ltd.	Coronis Partners Ltd.; RAD BioMed Accelerator	2
27/04/2010	27/04/2010	DigiFlex Ltd.	Battery Ventures; Proseed Venture Capital Fund Ltd (TASE:PRSD);Teuza - A Fairchild Technology Venture Ltd. (TASE:TUZA); Teuza Management and Development Ltd.	2.35
26/04/2010	26/04/2010	Applied Immune Technologies Ltd.	Pontifax Ltd.  Buyer Funds:	4
			The Pontifax Fund
26/04/2010	27/04/2010	Pluristem Therapeutics, Inc. (NasdaqCM:PSTI)		2.7
20/04/2010	20/04/2010	Modular Patterns Ltd.	Primera Capital	2
14/04/2010	14/04/2010	Avraham Pharmaceuticals Ltd.	Clal Biotechnology Industries (TASE:CBI); Pontifax Ltd.; Yissum Research Development Company Ltd.  Buyer Funds:	9
			The Pontifax Fund
13/04/2010	-	ProtAb Ltd.	Clal Biotechnology Industries (TASE:CBI); HBL Hadasit Bio Holdings Ltd. (TASE:HDST);Pontifax Ltd.  Buyer Funds:	4
			The Pontifax Fund
11/04/2010	11/04/2010	PostalGuard Ltd.	Genesis Partners Ltd.	4
08/04/2010	08/04/2010	EnStorage, Inc.	Canaan Partners; Greylock Partners; Siemens Technology-To-Business Center, LLC; Warburg Pincus LLC; Wellington Partners Venture Capital GmbH	15
07/04/2010	07/04/2010	Bio View Ltd. (TASE:BIOV)		0.3

Libox Wants To Manage All of Your Media and on Any Device (Interview with Erez Pilosof)

Today, Internet users are overwhelmed with options to share and consume various types of media. But the solutions are very partial, focusing each on only one type of media (with the exception of Facebook perhaps). As users start accumulating more and more devices capable of capturing HD media, the need to share and store that media across different screens becomes apparent.  That is where Libox, a new Tel Aviv-based startup offering a free service to share and store photos, videos and music, wants to disrupt the industry. To learn more about the product and the founder’s ambitious vision, I interviewed Erez Pilosof, founder and CEO of Libox who also founded and ran Walla!  (Israel’s largest online portal) from inception to IPO  as well as Oren Nauman, formerly CEO of Mobival, who serves as deputy CEO at Libox.

VC Cafe: What’s the story behind Libox? Can you give us some background on the vision for the product?

Oren Nauman: (for technical reasons, *ahem*, Skype, Erez had to miss the first few minutes of the call) Erez founded Walla when he was very young (22), and led the company from the age of 22 and led the company for 11-12 years, from when they were 4 people to an IPO on TASE.  He made it very profitable.

He took time to travel and during his travels took a lot of videos/pictures. He started to look at his own experience with music and media as a user. Uploading downloading, saving files, connect it with cables here and there, facing compatibility issues… a mess. He then thought, let’s rethink how we share and view the whole media. He’s a coder himself and believes that any problem can be solved.

Erez Pilosof (after overcoming Skype): I started Libox for a personal need. I had a lot of gadgets and wanted to share my media with my friend. Today people have a multitude of devices from smartphones to computers, netbooks, etc. I wanted to easily share high-definition media with friends. I had a lot of high definition pictures and videos, which today you can get with any camera that has at least 10mgpx. You need a place to store it, and an easy way to share it.

—Read the rest after the jump–

Read more…

BizMe2 is Looking to Disrupt Conferences with Turnkey Solution (Interview)

Conferences are big business. Think about it for a second: there are thousands of conferences each year, each of them attracting thousands of people focused on a niche topic. It is the B2B advertiser’s Mecca, but it is an undeserved market when it comes to user experience and consolidation of services. BizMe2, a new Israeli startup led by serial entrepreneur Yair Margolin, is looking to do to conferences what WordPress did to blogging. I spoke with Yair last week to learn more about BizMe2 and plans for the future. The conversation was in Hebrew, so hopefully nothing got “lost in translation”.

VC Cafe: You have a pretty long track record in startups. Tell me a bit about your previous experience.

Yair Margolin: I was a member of the core team at  Peerapp in 2003, a supplier of caching solutions for ISPs. From peer to peer I learned the world of IPTV and got to Softier.  The company eventually closed, and in 2007 I started PeerTV with two other guys as a spin-off, offering client-server software open platform for IPTV.

Media centers were a hot topic,  and I used the XBOX media center to develop the product.  PeerTV was linux on DSP, which aggregated content from the Internet like Boxee and BeeTV. Google came into a meeting and they were brought forward, but it didn’t work since google went with Youtube and a cooperation with Apple TV.  I left the company and since then PeerTV was successful in raising money in the UK and is planning to go public on  the London AIM in the near future. The team is very special, and the technology is robust, as it is borrowed from Softier which raised $25 million in VC funding. Long story short,  now I’m hard at work with BizMe2.

Read more…

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• About VC Cafe

      VC Café covers early stage startups, innovative technologies and venture capital news with a spotlight on Israel. Started in 2005 by Eze Vidra, VC Café has been featured on the Wall Street Journal and ranked as one of the top 100 VC blogs.