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Disclaimer
2
This presentation is confidential and may
not be distributed, transmitted or otherwise
communicated to others, in whole or in part,
without the express consent of Jerusalem
Global Pele Yoetz Ltd.
This presentation does not constitute an
offer to sell, or the solicitation of an offer to
buy, any security, product or service,
including interests in the fund.
Unless otherwise noted, information
included herein is presented as of the dates
indicated and may differ from the terms and
provisions respecting an investment in the
fund which will be more fully set forth in the
applicable corresponding agreements or
such other applicable constituent governing
documentation of the fund.
This presentation is not complete and the
information contained herein may change at
any time without notice. Jerusalem Global
does not have any responsibility to update
the presentation to account for such
changes. Jerusalem Global makes no
representation or warranty, expressed or
implied, with respect to the accuracy,
reasonableness, or completeness of any of
the information contained herein, including,
but not limited to, information obtained from
third parties.
The information contained herein is not
intended to provide, and should not be
relied upon for, accounting, legal or tax
advice or investment recommendations.
Investors should make an independent
investigation of the investment described
herein, including consulting their tax, legal,
accounting or other advisors, about the
matters discussed herein.
Information contained herein may include
information respecting prior investment
performance of one or more investments.
Information respecting prior performance,
while a useful tool in evaluating the
manager’s investment activities, is not
necessarily indicative of actual results that
may be achieved for unrealized
investments. The realization of such
performance is dependent upon many
factors, many of which are beyond the
control of the managers. Further, there can
be no assurance that the indicated
valuations for unrealized investments
accurately reflect the amounts for which the
subject investments could be sold.
Past performance is not indicative nor a
guarantee of future returns. Certain
information contained herein may be
“forward-looking” in nature. Due to various
risks and uncertainties, actual events or
results or the actual performance of a Fund
may differ materially from those reflected or
contemplated in such forward-looking
information. As such, undue reliance should
not be placed on such information. Forward-
looking statements may be identified by the
use of terminology including, but not limited
to, “may,” “will,” “should,” “expect,”
“anticipate,” “target,” “project,” “estimate,”
“intend,” “continue” or “believe” or the
negatives thereof or other variations thereon
or comparable terminology.
Additional information may be available
upon request
Understanding the
difference between Israeli
Early Stage investing and
Later Stage
3
Growth
Belief CREDIBILITY
V
S
Early Stage
Belief Scale – Bridging the Gap
LevelofBelief
Ashkenazi Jews
Sephardi Jews
Entrepreneurs
Israeli Entrepreneurs
Venture Capitalists
Atheists
Islamic Jihadists
Mainstream
Society
Social
Pariah
Early Stage investment only
happens if the Venture Capitalist
can make the leap and believe in
the vision of the entrepreneur
6
OK…so that is Early Stage…
What are we looking for in an
exciting growth stage
company?
7
Our Investment philosophy
8
Visionaries
Unique
assets/IP
Clear exit path
Exceptional
team
True market
disruptors
Barriers to entry and
down-side protection
IPO potential or
strong strategic
value to acquirers Invest in areas
before they become
pervasive
technologies
How do we react when a
company wants us to invest
because we are “value add?”
9
The Groucho Marx Theory to investing in
Growth Equity:
Good Companies Don’t Need Us…
Building Credibility
Good Companies do more DD on us than we
do on them…
• Need to win over
– Co-investors
– Board members
– Entrepreneurs
• DD they do on us
– Bankers
– Previous
Entrepreneurs
– Old co-investors
How to tell when is the right
time to invest?
12
• Deep/defensible/unfair
advantage
• Solves a big problem
• Huge market potential
• Strong Management Team
• Proven LEADER
– Market share and
position
– Business model
• Hitting that “J” curve
Investment Goal min:
3x in 3
years
Thank you

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Differences Between Early and Late Stage Investments

  • 2. Disclaimer 2 This presentation is confidential and may not be distributed, transmitted or otherwise communicated to others, in whole or in part, without the express consent of Jerusalem Global Pele Yoetz Ltd. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any security, product or service, including interests in the fund. Unless otherwise noted, information included herein is presented as of the dates indicated and may differ from the terms and provisions respecting an investment in the fund which will be more fully set forth in the applicable corresponding agreements or such other applicable constituent governing documentation of the fund. This presentation is not complete and the information contained herein may change at any time without notice. Jerusalem Global does not have any responsibility to update the presentation to account for such changes. Jerusalem Global makes no representation or warranty, expressed or implied, with respect to the accuracy, reasonableness, or completeness of any of the information contained herein, including, but not limited to, information obtained from third parties. The information contained herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. Investors should make an independent investigation of the investment described herein, including consulting their tax, legal, accounting or other advisors, about the matters discussed herein. Information contained herein may include information respecting prior investment performance of one or more investments. Information respecting prior performance, while a useful tool in evaluating the manager’s investment activities, is not necessarily indicative of actual results that may be achieved for unrealized investments. The realization of such performance is dependent upon many factors, many of which are beyond the control of the managers. Further, there can be no assurance that the indicated valuations for unrealized investments accurately reflect the amounts for which the subject investments could be sold. Past performance is not indicative nor a guarantee of future returns. Certain information contained herein may be “forward-looking” in nature. Due to various risks and uncertainties, actual events or results or the actual performance of a Fund may differ materially from those reflected or contemplated in such forward-looking information. As such, undue reliance should not be placed on such information. Forward- looking statements may be identified by the use of terminology including, but not limited to, “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Additional information may be available upon request
  • 3. Understanding the difference between Israeli Early Stage investing and Later Stage 3
  • 5. Belief Scale – Bridging the Gap LevelofBelief Ashkenazi Jews Sephardi Jews Entrepreneurs Israeli Entrepreneurs Venture Capitalists Atheists Islamic Jihadists Mainstream Society Social Pariah
  • 6. Early Stage investment only happens if the Venture Capitalist can make the leap and believe in the vision of the entrepreneur 6
  • 7. OK…so that is Early Stage… What are we looking for in an exciting growth stage company? 7
  • 8. Our Investment philosophy 8 Visionaries Unique assets/IP Clear exit path Exceptional team True market disruptors Barriers to entry and down-side protection IPO potential or strong strategic value to acquirers Invest in areas before they become pervasive technologies
  • 9. How do we react when a company wants us to invest because we are “value add?” 9
  • 10. The Groucho Marx Theory to investing in Growth Equity: Good Companies Don’t Need Us…
  • 11. Building Credibility Good Companies do more DD on us than we do on them… • Need to win over – Co-investors – Board members – Entrepreneurs • DD they do on us – Bankers – Previous Entrepreneurs – Old co-investors
  • 12. How to tell when is the right time to invest? 12
  • 13. • Deep/defensible/unfair advantage • Solves a big problem • Huge market potential • Strong Management Team • Proven LEADER – Market share and position – Business model • Hitting that “J” curve Investment Goal min: 3x in 3 years