Jon Medved, CEO of “OurCrowd” talks to CNN about what his company looks for in a start-up.
Off the heels of SXSW, Forbes.com contributor Mark Feldman lists OurCrowd as one of the 5 most important new companies to keep an eye on.
“Israel-based OurCrowd is beginning to crowd out other venture models with its lower risk alternative to angel investing while removing the headaches of managing startups and sitting on boards.”
Read more on Forbes.com here.
Forbes contributor Mark Fidelman featured OurCrowd among a list of the top 5 most important new companies to know from SXSW. Read the list online here or below.
The 5 Most Important New Companies You Need to Know
By Mark Fidelman, contributor | April 2nd 2013
After a month of burning up airline fossil fuels, I’ve finally landed in a place that I can tell you about some of the hottest new companies to watch. I saw most of them at Summer Camp for Hipsters or as the more civilized call it – South By SouthWest (SXSW).
Anyone that has ever attended SXSW understands that it’s like high school flipped upside down. Where bullies are knocked down, jocks can’t keep up, and the cheerleading is done by the attendees.
Big companies attending seemed to have a form of imposter’s syndrome as if they had expected SXSW to be incongruous with business but it was business that was incongruous with SXSW. And for some strange reason – it all worked.
For me, I didn’t want to like SXSW but it hit me like a sucker punch: hipsters and attractive women with tattoos carrying iPads, CEOs in robes and networking parties with earsplitting music. I’ve almost forgotten about the long searches for taxis and long walks to venues. It was consistently inconsistent and that was a good thing.
I only saw a few presentations because there seemed to be a meeting, a party, a Bryan Kramer dunk tank – or whatever in the path to my destination. I did manage to see Jure Klepic, Debra Kaye and Ekaterina Walter’s ominous, “Secret Dangers of Online Influence Marketing” for which they described a cautionary approach to influence marketing. Apparently not enough Klout scores were sacrificed by Twitter to appease the gods, thus resulting in their decision to make even more unimportant people important.
But I had made the pilgrimage to SXSW for the sites, the sounds, and the startups. And the best place for that is in the Austin Convention Center. Its exhibit hall was unremarkable, just like any other exhibit hall – except that it was utterly remarkable.
Israeli based OurCrowd is beginning to crowd out other venture models as a better model for startup funding. OurCrowd for investors provides a lower risk alternative to angel investing while removing the headaches of managing startups and sitting on boards.
Vanessa O’Brien of the IBT featured OurCrowd as the best way to invest in startups without the barriers that exist in traditional VC. Check it out below or read it online here.
Israel Is In The Midst Of A Technology Startup Boom. How Do You Invest In It Without A Lot Of Money? Try Crowdfunding Venture Capitalists
From the International Business Times
By Vanessa O’Brien | March 22 2013 9:43 PM
TEL AVIV, Israel — The average Tel Avivian spends about a year of life trawling through traffic on the frustrating hunt for a car park, according to municipal statistics.
That may seem like a lot, but it’s on par with the world’s other big cities, according to IBM’s Global Parking Survey 2011.
Now, there’s an app for that. And it’s one of the products of Israel’s burgeoning technology startup scene: High-tech exports are estimated to be worth $18.4 billion a year, or almost one-half of the country’s entire exports, according to Central Bureau of Statistics data.
Two Tel Aviv residents who fought the daily car-park battle in the sweltering heat of the Mediterranean metropolis finally had enough last year, and designed a new weapon for the fight.
The result is Parko, an Apple iPhone and Google Android app that encourages drivers to share the locations of parking spots they are about to vacate by giving them prizes, coupons and even cash — as well as the promise that, next time, they won’t have to spend the better part of the day searching for an empty stretch of curb. It uses unique technology that employs nine sensors already installed in the average smartphone.
But propelling Parko from a good idea into a functioning business required cold, hard cash. That’s where new Israeli hybrid venture capital/crowdfunding platform OurCrowd came in, gathering and investing $350,000 in Tel Aviv-based Parko just before it launched in December.
OurCrowd is a “new venture capital blueprint that unlocks the power of the crowd […] disruptive to the way startups are funded and built”
Watch the interview with OurCrowd CEO Jon Medved here.
OurCrowd may afford an insight into what the future of funding for Israel’s tech industry will look like… What OurCrowd aims for is the “golden mean in the middle,” Zivotofsky said: “The choice, the transparency, the ability to invest smaller amounts in what they want to invest in, but the professional experience of what a venture capital team would normally bring.”
NextPeer was featured in TechCrunch today for reportedly adding over 100K users per day as its latest games went viral. An excerpt below:
It can be a tough life out there for mobile-social gaming platforms. With Apple’s Game Center covering the bare basics and GREE’s recent shutdown of OpenFeint, it’s arguable that there isn’t that much room for another mobile gaming platform.
Yet there are a few startups that are trying to do it by offering something differentiated.
Indeed, NextPeer’s unique business model is different from other platforms and has brought it such massive user growth. Whenever a game developer using NextPeer creates a smash hit, NextPeer rides off the game’s success, serving those hundreds of thousands of new users. At the same time, the developers find enormous benefit from NextPeer’s system:
“In the beginning, we didn’t have tons and tons of players,” [the game developer] said. “You’d always just have to wait for people to come and play. We’d get reviews saying that the game was cool but that people wanted to play against somebody.”
Having implemented NextPeer’s multiplayer system, the developer tells TechCrunch that he’s now making $2000-$3000 per day from advertising and in-app purchases.
Read more on TechCrunch here.