InnovX was invited last week to participate at OurCrowd Global Investors Summit in Jerusalem. We had the honor to present the InnovX – BCR Business Accelerator to a large audience and build strong relationships with innovative companies and many institutional and private investors. It was great talking about financing decisions with prof. Daniel Kahneman, Nobel Laureate in Economics and listen to the pieces of investment advice from Ron Fisher, President of SoftBank.
Many thanks to our host Johnatan Medvedev, Founder of OurCrowd for such a successful event!
OurCrowd is an equity crowdfunding platform built for accredited investors to provide venture capital funding for early-stage startups. Based in Jerusalem, the company launched by Johnatan Medvedev in February 2013, with overseas branches in the United States, Canada, Australia and Singapore. Unlike crowdfunding platforms such as Kickstarter and Indiegogo which crowdfund donations to projects typically in return for some type of reward or gift, OurCrowd uses equity crowdfunding as its model. In equity crowdfunding, investments into a company’s shares are pooled together from the crowd. Although recent regulatory changes make crowdfunding available to all investors, at this point, OurCrowd is only available to accredited investors. OurCrowd requires its Israeli portfolio companies to donate a portion of their equity to charity as part of the closing of any funding round.
About Prof. Daniel Kahneman:
Daniel Kahneman is Professor of Psychology and Public Affairs Emeritus at the Woodrow Wilson School, the Eugene Higgins Professor of Psychology Emeritus at Princeton University, and a fellow of the Center for Rationality at the Hebrew University in Jerusalem. Dr. Kahneman has held the position of professor of psychology at the Hebrew University in Jerusalem (1970-1978), the University of British Columbia (1978-1986), and the University of California, Berkeley (1986-1994). Dr. Kahneman is a member of the National Academy of Science, the Philosophical Society, the American Academy of Arts and Sciences and a fellow of the American Psychological Association, the American Psychological Society, the Society of Experimental Psychologists, and the Econometric Society. He has been the recipient of many awards, among them the Distinguished Scientific Contribution Award of the American Psychological Association (1982) and the Grawemeyer Prize (2002), both jointly with Amos Tversky, the Warren Medal of the Society of Experimental Psychologists (1995), the Hilgard Award for Career Contributions to General Psychology (1995), the Nobel Prize in Economic Sciences (2002), the Lifetime Contribution Award of the American Psychological Association (2007), and the Presidential Medal of Freedom (2013). Dr. Kahneman holds honorary degrees from numerous Universities.
About Ron Fisher:
Ron Fisher is Director and President of SoftBank Holdings, Vice Chairman of the Board of Sprint Corporation and a member of the Board of Directors of SoftBank Corporation. Ron joined SoftBank in 1995, overseeing its U.S. operations and its activities outside of Asia, and was the founder of SoftBank Capital, where he served as Managing Partner from 1995 until 2015. He has over 30 years of experience of working with high growth and turnaround technology companies. Prior to joining SoftBank, Ron was the CEO of Phoenix Technologies Ltd., the leading developer and marketer of system software products for personal computers, from 1990 to 1995. He joined Phoenix from Interactive Systems Corporation, a UNIX software company that was purchased by the Eastman Kodak Company in 1988. At Interactive Systems, he served for five years as President, initially as COO and then CEO. Ron’s experience prior to Interactive Systems includes senior executive positions at Visicorp, TRW, and ICL (USA).
Ron earned an MBA from Columbia University, New York, and a Bachelor of Commerce from the University of Witwatersrand in South Africa.