Past Forums Forum 2015
2nd annual High-Tech Forum
Helping High-Tech Entrepreneurs Create and Preserve Wealth – Private and Investment Banking join efforts in Israel
On 21 October 2015, Credit Suisse hosted its 2nd annual High-Tech Forum in Tel Aviv bringing together 200 selected high-tech entrepreneurs, investors and experts from Israel, Russia, Eastern Europe, the UK, the Nordics, and the US. By joining efforts across the Private- and the Investment Bank, Credit Suisse strives to be the number one bank for high-tech entrepreneurs in Israel: we provide growth companies access to the exclusive investor network of the Private Bank and, vice versa, introduce Private Banking clients to promising companies covered on the Investment Banking side.
attendees in 2015
speakers attending from four countries
start-ups competing for the Pitching Ring Award
The focus of this year’s Forum was on “trends in sourcing growth for Israeli high-tech companies” and was hosted in partnership with Nasdaq, and OurCrowd, a leading equity crowdfunding platform. John Metz, Managing Director of Global Technology Banking Division at Credit Suisse Investment Banking San Francisco, opened the Forum discussing the paradox that megatrends in technology create addressable markets and opportunities larger than ever before. Nevertheless, investors increasingly face difficulties to find sufficient investable opportunities in public markets as wealth generation moves more and more pre-IPO.
Winner of the Credit Suisse Pitching Ring Award 2015
The Israel High Tech Forum provides an exclusive pitching ring allowing five pre-selected innovative Israeli high-tech start-ups four minutes time to present to the forum’s carefully selected audience. The winner voted by the audience will receive an attractive prize package.
Winner of the Credit Suisse Pitching Ring Award 2015 is CodeMonkey
CodeMonkey is a new way for children to learn real computer programming by playing a fun online game. The company was founded in 2014 by a team of experienced software and education leaders.
Adam KostyálHead of International Listings, Nasdaq, Stockholm
Asaf HomossanySenior Managing Director EMEA, Nasdaq, London
Assaf Ben AmiCFO, ironSource, Tel Aviv
Gigi Levy-WeissAngel Investor, Tel Aviv
Laly DavidBusiness Development Manager, OurCrowd, Jerusalem
Richard SandersCo-Head of Global Technology Team, Permira, London
Shlomo DovratFounder & Managing Partner, Carmel Ventures, Tel Aviv
Thomas SchornsteinMarket Leader Israel, Managing Director, Credit Suisse Private Banking, Zurich
Yori NelkenGeneral Partner, OurCrowd First
Alan FreudensteinManaging Partner, Credit Suisse NEXT Investors, New York
John MetzManaging Director, Global Technology Banking Division, Credit Suisse Investement Banking, San Francisco
Philippe CerfCo-Head of EMEA Telecom, Media & Technology Group and Vice Chairman of the M&A EMEA Group, Managing Director, Credit Suisse Investment Banking and Capital Markets, London
Key Insights High Tech Forum Israel 2015
Adam Kostyál, Head of International Listings at Nasdaq based in Stockholm shared his learnings on key factors companies should consider when growing a business towards a public company. In particular, he emphasized the importance of a well-diversified, more resilient revenue portfolio and illustrated this on the example of Nasdaq itself which is venturing now into services for companies pre-IPO to address this growing demand on back of the deep capabilities Nasdaq has built in this space.
Richard Sanders, Co-Head of Global Technology Team at Permira in London then challenged the perception of Private Equity as an asset stripping, debt burdening, control ridden industry and demonstrated with concrete investment cases by Permira how Private Equity can be a viable partner in plugging the funding gap between early stage Venture Capital and IPO.
Especially this last position was intensely debated in the subsequent panel lead by Philippe Cerf, Co-Head of EMEA TMT at Credit Suisse Investment Banking in London. Panelists voiced the concern that while the Israeli high-tech sector overall is attracting abounding attention and capital from around the world, most of it is chasing the same Unicorns and a decreasing share is risking investments in earlier stages where entrepreneurs need it the most. Here new concepts such as crowdfunding platforms like OurCrowd can close an important gap.
With that in mind, the Forum reached its culmination in the Pitching Ring Award 2015 which, this year, was sponsored in partnership with OurCrowd’s seed fund OurCrowdFirst. Five innovative start-ups out of over 50 pre-selected contestants pitched in 4 minutes each. By electronic vote of the audience, CodeMonkey, a software company teaching children to learn computer programming in a playful way and reaching kids also in less privileged areas of the world, won this year’s award.
With the Pitching Ring Award, Credit Suisse supports innovative Israeli high-tech entrepreneurs from early on, helps them with its global network and leading capabilities in technology banking to grow towards a mature company, and establishes close partnerships for the bank for the long-term, both on the Investment Banking and the Private Banking side.
About Our Partners
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and one in ten of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of approximately USD9.5 trillion and more than 10,000 corporate clients. To learn more, visit: business.nasdaq.com.
OurCrowd First is OurCrowd's boutique USD 12mn per year seed fund for early-stage investments in Israeli and global startups. The fund was raised in spring/summer 2015 and has made a series of seed and Pre-A investments in high-growth sectors including the internet of things, industrial energy, mobile infrastructure, 3D printing and digital radiology. These investments were made together with leading investors including Softbank, Khosla Ventures, Salesforce CEO Marc Benioff, and Artis Ventures. OurCrowd First plans to make USD250-500K of investments in about 20 technology startups, and is being led by General Partners Eduardo Shoval and Yori Nelken.
OurCrowd is the world’s leading equity crowdfunding platform for accredited investors to invest in Israeli and global companies. Managed by a team of seasoned investment professionals and led by serial entrepreneur Jon Medved, OurCrowd vets and selects opportunities, invests its own capital and brings startups to its accredited membership. OurCrowd investors must meet stringent accreditation criteria and invest a minimum of USD10,000 per deal of their choice. OurCrowd provides post-investment support to its portfolio companies, assigning industry experts as mentors and taking board seats. Since launching in February 2013, OurCrowd has raised over USD 140mn in equity crowdfunding for its 75 portfolio companies, which include leading companies such as: Borro, BillGuard, Consumer Physics (SCiO), BioCatch, Abe’s Market, and ReWalk, OurCrowd’s first portfolio company to complete a successful IPO on the NASDAQ. Visit us online at: www.ourcrowd.com