Early last week, the Smith team visited Jerusalem to participate in the 2010 High Tech Industry Association Conference. I covered our visit to the conference here.
Showing posts with label yossi vardi. Show all posts
Showing posts with label yossi vardi. Show all posts
Hi-Tech Israel Ctd
Hi-Tech Israel
Well it's been a few days since my last post and the Smith team has been as busy as ever! After a relaxing weekend, we departed Haifa before sunrise on Tuesday for the drive down to Jerusalem to participate in the 2010 High Tech Industry Association Conference.
The conference, which ran for two days, was held at the Jerusalem International Convention Center and brought together industry professionals, technology experts, and venture capitalists. Starting at 9AM, the event kicked off with Israel's Mister of Finance, Dr. Yuval Steinitz, as well as other honored dignitaries remotely starting the Tel Aviv Stock Exchange.
"The opening bell of the Tel Aviv Stock Exchange"
Photo by Stephen Kushner
Photo by Stephen Kushner
Topics covered during the conference ranged from the future of mobile computing to strategies for market entry into high-tech in China and India. Additionally, there were a number of headline speakers during the two day event including, the godfather of Israeli high-tech venture capital, Yossi Vardi, and Israel's Prime Minister, Benjamin Netanyahu.
"Prime Minister Netanyahu talks about Israel's technology future"
Photo by Stephen Kushner
Photo by Stephen Kushner
During the two day event, the Smith team had an amazing opportunity to hear from key thought leaders in Israel's high-tech and investment community. Given our ongoing tech commercialization projects at the Technion, some of the contacts we made and presentations we heard had an immediate and practical resonance. Other speakers we saw were interesting more from a general professional development standpoint.
"The Smith team at the hi-tech conference"
Photo by Stephen Kushner
Photo by Stephen Kushner
Given the compressed schedule during the two days in Jerusalem, we didn't have too much time to explore outside the conference. That being said, we did get a brief tour of the Old City (courtesy of the conference organizers) on Tuesday night - where we were to have a preview of the Festival of Lights (which was unfortunately canceled due to technical difficulties). We met our guide just outside the Jaffa Gate and then walked past the Church of the Holy Sepulchre, ending at a rooftop overlooking the Wailing Wall. Really impressive!
"Steve captures the Western Wall at night"
Photo by Stephen Kushner
Photo by Stephen Kushner
On Wednesday night, after the end of the conference, the team met on Ben Yehuda Street - one of the more popular shopping streets in Jerusalem. We spent about an hour shopping and window gazing. Afterwords, we walked up to Sami's restaurant for a final dinner before hitting the road back to Haifa.
"The team enjoys an amazing schwarma dinner in Jerusalem"
Photo by Stephen Kushner
Photo by Stephen Kushner
All in all, it was a very successful two days in Jerusalem! We'll be heading back for a more historical and culturally centered visit tomorrow.
First Three Weeks
As we approach the end of the our first three weeks in Israel, I think it's probably as good a time as any to provide a recap of where we've been so far. I'll try and do this a few times this summer in order to fill in any new readers on anything they may have missed. Anyway, the past weeks have certainly gone by quickly. We've seen and done quite a bit. In fact, it's actually hard to believe how much we've been able to fit in to such a short amount of time.
Pre-Departure: in the weeks leading up to the trip I blogged here and here about the reasons why I believe Israel is important and what are the unique characteristics that have lead to Israel's economic and technological achievements of the past few decades. Start-up Nation - the unofficial handbook of our trip - was mentioned on a few occasions. On April 29, the team celebrated the beginning of the program, while also recognizing the contributions of the program's many generous donors, at an evening reception in Washington, D.C., hosted by Miles Gilburne and Nina Zolt.
Week 1: After months of planning and hours of travel, the Smith team finally arrived in Tel Aviv, Israel, passed through customs, and then made the hour long drive up the coast to Haifa - our home for the summer. The first few days were set aside for us to get acclimated to our new surroundings. The fact that we'd arrived during the holiday of Shavuot certainly helped keep things quiet that first night. By Thursday we'd had a chance to settle in and proceeded to the Technion for our first class and to meet our Israeli teammates. The projects were finalized and the patent creators presented on each of their technologies. On the weekend we toured the city of Haifa - the German Colony and the Baha'i Gardens - and then traveled north for visits to Rosh Hanikra and Acre.
Week 2: The second week began slowly - with Monday through Wednesday working at our office at the Technion. I blogged about the Israeli business culture here. On Wednesday we had a presentation from the Technion Entrepreneurship Club. Then on Thursday, we had our second class with presentations from the Technion incubator and our project leader Asher Epstein, among others. At the end of the week we departed Haifa for a weekend visit to Tel Aviv. Friday morning we had a brief meeting with Israel's Warren Buffet, Yossi Vardi. Later that afternoon, we went on a guided tour of the city - from Jaffa and Neve Tzedek to the Hacarmel Market. Saturday we were free to explore on our own - or head to the beach - as a few folks did. It was awesome! Before heading back to Haifa, on Sunday we had meetings at two venture capital firms, Tamir Fishman and AquAgro Fund, where we met with Moshe Levin and Hillel Milo respectfully. Altogether it was a busy but exciting week!
A Video Record
Since arriving in Israel, one of our team members, Stephen Kushner, has been hard at work producing a video series, introducing the program, interviewing team members, and capturing the sights and sounds of our first weeks in Israel.
Separately, Stephen has also begun producing smaller videos related to specific company visits and speakers. The first of Stephen's videos, a series of brief comments from one of our first speakers, Yossi Vardi has been added to that previous post.
All subsequent videos will be displayed on this blog and also on YouTube. Part 1 of the video series is after the jump. Enjoy!
Photo by Kristin Thompson
Separately, Stephen has also begun producing smaller videos related to specific company visits and speakers. The first of Stephen's videos, a series of brief comments from one of our first speakers, Yossi Vardi has been added to that previous post.
All subsequent videos will be displayed on this blog and also on YouTube. Part 1 of the video series is after the jump. Enjoy!
Israel's Buffett
On Friday morning, after arriving in Tel Aviv, we went directly to a meeting with one of the most esteemed - yet understated and humble - entrepreneurs in Israel, Yossi Vardi. Our meeting took place at a local primary school in Tel Aviv, where we had a brief, but rewarding conversation with Yossi. The school, which is government run, had been at risk of closure five years ago. However, with the help of Yossi and other generous benefactors, the school has prospered enormously - improving its performance across the board.
"Children playing at the local school sponsored by Yossi Vardi"
Photo by Stephen Kushner
Photo by Stephen Kushner
The school draws its students from both locals, as well as the children of foreign workers. Its student body is a veritable United Nations, with pupils from Africa, Asia, and South America. Unfortunately, many students are the sons and daughters of undocumented immigrants, and are at serious risk for deportation. This issue remains an enormous challenge and as such, Yossi and others are leading the charge to quickly and fairly address this issue by bringing their cause to the governments attention.
"Anne makes some new friends"
Photo by Kristin Thompson
Photo by Kristin Thompson
In many ways, Yossi is the consummate entrepreneur. Some might even call him Israel's Warren Buffett. Interestingly, I think Yossi is like Buffett - less because of investing - but more because both individuals come across as very down to earth and very connected to real life. To be sure, Yossi talked with us about key trends in the technology and internet markets. However, he made a serious (and well received) argument about social entrepreneurship as well. According to Yossi, incorporating social values significantly and measurably increases the overall value of a venture.
"The team shoots the breeze with Yossi Vardi"
Photo by Kristin Thompson
Photo by Kristin Thompson
At a conference in 2007, Yossi quoted Teddy Roosevelt - drawing a clear analogy between Roosevelt's speech and current entrepreneurs - which I think is worth sharing.
It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.
Yossi definitely has a presence - and though known for his lighthearted nature - can also be quite serious (as I think his words, deeds and actions reveal) when he needs to be. Over the course of our meeting we learned a little bit about Yossi's philosophy. Additionally, Yossi made a pretty compelling case for being involved in (and selecting) investment projects that fit the dual criteria of creating both social and economic value. All in all, it was a highly rewarding visit. For some additional commentary on our program from Yossi himself, there's a short video after the jump.
