Dear Entrepreneurs,
It is this special time of the year, when three of the most significant holidays in the Jewish, Muslim and Christian calendars are harmonically blended together. Holidays are always a great time to wind down and escape the daily grind. In this quarter’s edition, we are happy to share with you the important activity of PlaceIL (which we are proud to support, especially these days) to improve diversity and inclusion in the Israel hi-tech workforce, five tips from a CVC on how to discuss investment from corporates, the Microsoft Founders Hub, and more.
For most of you, these are not the easiest of times. Marco-economic uncertainties, as well as local and global geo-politcal stress are front and center in every day’s news. Entrepreneurs are now forced to make some hard decisions. As history teaches us, these are exactly the times when we can discover our inner strengths, both as individuals and as business leaders. Please be reminded that we are always here to support you. Do feel free to reach out to us with any questions or requests.
Finally, my team and I wish you all Happy Passover, Happy Easter and Ramadan Kareem.
Best Regards,
Yaron Weizenbluth
Assurance Leader, PwC Israel
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Microsoft Founders Hub
What: Microsoft Founders Hub is an online platform that provides resources, tools, and support to help founders and startups build and grow their businesses. The platform offers 1st and 3rd party business and technical tools to support the startup community and help entrepreneurs succeed. Via the platform startups can get up to $150K of Azure credits (also applied for Azure OpenAI service), LinkedIn Sales navigator, GitHub Enterprise, and many other tools for founders to leverage.
Who: Microsoft for Startups is a global program designed to help startups grow by providing access to tools, resources, and expertise to help them scale their business. The program offers a range of benefits, including access to Microsoft's cloud services, technology, and technical support, as well as mentorship and networking opportunities.
How: For more information click here
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Place IL
What: Place-IL is an Israeli non-profit tech initiative that aims at empowering Israeli tech companies to hire talent from underrepresented populations, at scale and with high success rates.
Who: Founded by leaders of the Israeli tech ecosystem who recognized the untapped potential of talent in underrepresented populations, Place-IL is committed to unlocking this talent pool potential through an innovative approach to tech industry hiring. Google is a founding partner and shares the Place-IL vision.
How: Place-IL has developed a smart screening and placing processes to match the right tech talent with the right companies.
Tech companies: we are welcoming you to recruit talents through the Place-IL Program. To do so, please click here.
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Pitching to VC’s
By Yarel Nishry, Senior Director of Business Development at CyberArk Ventures
Be passionate! You don’t get a second chance for a first impression. Investors see many startups all the time, and at some point they start to meld together. The passion that you exhibit in the initial call can really stand out and make you memorable. Sharing the relevant background/experience of your key team members also helps.
Know the problem you address, your competition and elaborate how you differentiate. If you do not believe that you have direct competition – be prepared to elaborate on why that is the case and why you think that this is truly a problem area that nobody else has identified
Do your homework on the CVC – Spend some time researching them and their offering. Be prepared to discuss potential synergies and overlaps with the CVC parent entity and their investment portfolio companies
Be prepared to discuss the timing and structure of the desired investment. CVC often won’t lead funding and will have criteria for the type/composition of the investment vehicle
Ask questions – A corporate investor should be strategic and drive value for your startup. Other than money, what are they bringing to the table? It needs to be a win/win deal!
For more info: yael.nishry@cyberark.com
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PwC Technology Consulting merges with BE Suite
The PwC Israel Advisory has announced the acquisition of the activities of BE Suite, which specializes in the implementation of the NetSuite Cloud ERP system and the development of complementary products for that system. The deal will allow PwC to strengthen its presence in the market for cloud financial system integration.
Jenny Chaletz and Igor Pobolotsky, two of the most senior NetSuite system implementers in the Israeli and global markets, founded BE Suite in 2019. Jenny died after a long battle with cancer. She was a leading professional in the field of implementation and logistics consulting. A NetSuite pioneering consultant and implementer in Israel, Jenny led global projects with unwavering professionalism, dedication, and determination, and taught and educated a whole generation of NetSuite experts.
Following merger close, BE Suite’s employees in Israel will be integrated into PwC's technology consulting practice. BE Suite has dozens of clients in Israel and other countries around the world, with an impressive industry reputation, having won the People and Computers Computing Excellence Award, among other industry recognition.
Rubi Suliman, CEO of PwC Israel Advisory, commented on the merger: "The synergy between both our activities makes PwC Israel Advisory the leader in Israel’s NetSuite implementation market, and also strengthens our capabilities in various Oracle applications, such as Oracle Cloud ERP. I congratulate the founders and employees of BE Suite for building a great company, with dozens of implementation success stories and impeccable satisfaction by their clients. We are proud to welcome Igor and the rest of the BE Suit team to PwC. Together we will know how to provide quality holistic solutions to all our clients and lead the Israeli market.”
For more information, please contact:
Yaron Hedvat - yaron.hedvat@pwc.com
Naama Drukman - naama.drukman@pwc.com
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From left to right: Yaron Hedvat - Partner, PwC Technology Consulting, Igor Povolotski - Director and CTO PwC Technology Consulting and Naama Drukman - Partner, PwC Technology Consulting.
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ClickNow Technologies:
What: ֵClickNow is in the process of developing a patented network enabler known as I-NET. This innovative solution has the ability to establish independent internet connection infrastructure in mere seconds, catering to a diverse range of industries. The cutting-edge technology is composed of three main layers, developed through a rigorous algorithmic process:
- Deep Insights: This layer allows for in-depth analysis (using dedicated AI) of an organization's connectivity predictions, performances and recommendations, providing valuable insights into the network's functioning.
- Automatic Enable Activation: The I-NET solution automatically enables activation based on established regulations, ensuring compliance and seamless integration into existing systems.
- Real-time Connectivity: The final layer facilitates real-time connectivity processes, ensuring uninterrupted access and operation.
Power Fleet (Pointer) made a pre-seed investment and will be the design partner for the first millions of consumers in Israel and the US.
Who: Click Now are looking for serial entrepreneurs who sold several tech companies over the past few years, who posses deep knowledge of matching learningֶ
How: For more info please visit: https://clicknow.app/
Or Contact: Michal Hubschmann michal@clicknow.app
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Feel free to reach out for any question or comment:
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Itamar Brod
Hi-Tech Business Development
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©2023 Kesselman & Kesselman. All rights reserved.
"PwC Israel" refers to Kesselman & Kesselman, or, as the context requires, PricewaterhouseCoopers Advisory Ltd. which are member firms of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity. Please see www.pwc.com/structure for further details.
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This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice.
You should not act upon the information contained in this publication without obtaining independent professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, Kesselman & Kesselman, PricewaterhouseCoopers Advisory Ltd., their members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
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