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'''Erel Margalit''' is an [[Israel|Israeli]] high-tech and social entrepreneur. He is the founder and managing partner of the [[Jerusalem]]-based [[Venture capital in Israel|venture capital]] firm [[Jerusalem Venture Partners| Jerusalem Venture Partners (JVP)]]. In 2005, '' [[Forbes]] '' international business magazine selected Margalit as the top-ranking non-American venture capitalist on its prestigious "Midas (The Golden Touch) List.” <ref>{{cite web|title=Forbes|url=http://www.forbes.com/finance/lists/99/2005/LIR.jhtml?passListId=99&passYear=2005&passListType=Person&uniqueId=BLMA&datatype=Person|work=The Midas List|publisher=Forbes Publishing|accessdate=5/2/11}}</ref> In 2010, ''[[The Marker|The Marker Magazine]]'' named him the best venture capitalist in Israel.<ref>{{cite news|title=מלך האקזיטים: אראל מרגלית - איש ההון סיכון בעל מגע הזהב|url=http://www.themarker.com/hitech/1.576997|accessdate=5/2/11|newspaper=The Marker}}</ref> Margalit is a founder of the Avoda Now movement. In April 2011, he submitted his candidacy for chairman of the [[Israeli Labor party]] but subsequently withdrew from the race. <ref>[http://www.reuters.com/article/2011/04/27/idUS272092+27-Apr-2011+PRN20110427 Erel Margalit Announces His Candidacy to Lead the Labor Party]</ref>
'''Erel Margalit''' is an [[Israel]]i high-tech and social entrepreneur. He is the founder and managing partner of the [[Jerusalem]]-based [[Venture capital in Israel|venture capital]] firm [[Jerusalem Venture Partners| Jerusalem Venture Partners (JVP)]]. In 2005, '' [[Forbes]] '' international business magazine selected Margalit as the top-ranking non-American venture capitalist on its prestigious "Midas (The Golden Touch) List.” <ref>{{cite web|title=Forbes|url=http://www.forbes.com/finance/lists/99/2005/LIR.jhtml?passListId=99&passYear=2005&passListType=Person&uniqueId=BLMA&datatype=Person|work=The Midas List|publisher=Forbes Publishing|accessdate=5/2/11}}</ref> In 2010, ''[[The Marker|The Marker Magazine]]'' named him the best venture capitalist in Israel.<ref>{{cite news|title=מלך האקזיטים: אראל מרגלית - איש ההון סיכון בעל מגע הזהב|url=http://www.themarker.com/hitech/1.576997|accessdate=5/2/11|newspaper=The Marker}}</ref> Margalit is a founder of the Avoda Now movement. In April 2011, he submitted his candidacy for chairman of the [[Israeli Labor party]] but subsequently withdrew from the race. <ref>[http://www.reuters.com/article/2011/04/27/idUS272092+27-Apr-2011+PRN20110427 Erel Margalit Announces His Candidacy to Lead the Labor Party]</ref>


== Biography ==
== Biography ==
Erel Margalit was born in [[Na'an|Kibbutz Na'an]] the eldest of three siblings. His father, Itzik Margalit, was one of the founders of [[Kfar Haim]], and his mother, Mickey, was a founding member of [[Moshav]] [[Avihail]]. In 1969, the family was sent on a mission to [[Detroit]], [[Michigan]] where his father was head of a local Hebrew school. While in high school in Michigan, Erel became a point-guard on a local basketball team. After returning to Israel in 1971, he attended Rene Kassen High School in [[Jerusalem]] where he continued to play basketball. Recognition of his talent led to an offer to join the Israeli youth team, but he declined in favor of serving in an [[IDF]] combat unit. <ref>{{cite news|last=Prince-Gibson|first=Eetta|title=Erel Margalit's powerful visions|url=http://www.israel21c.org/culture/erel-margalit-s-powerful-visions|accessdate=5/2/11|newspaper=Israel21C|date=5/2/11}}</ref> He served in [[Golani]]"s "Orev" unit as an operations officer, reaching the rank of sergeant major. As a reservist in 1982, he fought in the [[First Lebanon War]] with the IDF's airborne anti-tank division.
Erel Margalit was born in [[Na'an|Kibbutz Na'an]] the eldest of three siblings. His father, Itzik Margalit, was one of the founders of [[Kfar Haim]], and his mother, Mickey, was a founding member of [[Moshav]] [[Avihail]]. In 1969, the family was sent on a mission to [[Detroit]], [[Michigan]] where his father was head of a local Hebrew school. While in high school in Michigan, Erel became a point-guard on a local basketball team. After returning to Israel in 1971, he attended Rene Kassen High School in [[Jerusalem]] where he continued to play basketball. Recognition of his talent led to an offer to join the Israeli youth team, but he declined in favor of serving in an [[IDF]] combat unit. <ref>{{cite news|last=Prince-Gibson|first=Eetta|title=Erel Margalit's powerful visions|url=http://www.israel21c.org/culture/erel-margalit-s-powerful-visions|accessdate=5/2/11|newspaper=Israel21C|date=5/2/11}}</ref> He served in [[Golani]]"s "Orev" unit as an operations officer, reaching the rank of sergeant major. As a reservist in 1982, he fought in the [[First Lebanon War]] with the IDF's airborne anti-tank division.


Margalit studied philosophy, logic, and English literature at the [[Hebrew University of Jerusalem]], where he met his future wife, Debbie. In 1985 Margalit moved to New York to attend [[Columbia University]] where he continued towards a doctorate in philosophy and logic. During his studies he was exposed to [[Michael Porter| Michael Porter’s]] "The Competitive Advantage of Nations," which influenced his doctorate thesis on the subject, "The Entrepreneur as a Leader in the Historical Process." <ref>{{cite web|title=Israeli Business Forum of New York|url=http://www.israelibusinessforum.org/content/events/past_events/04-08-17erel_margalit.html|work=Speaker: Erel N. Margalit - Founder & Managing Partner, Jerusalem Venture Partners (JVP)|accessdate=5/2/11}}</ref>
Margalit studied philosophy, logic, and English literature at the [[Hebrew University of Jerusalem]], where he met his future wife. In 1985 Margalit moved to New York to attend [[Columbia University]] where he continued towards a doctorate in philosophy and logic. During his studies he was exposed to [[Michael Porter| Michael Porter’s]] "The Competitive Advantage of Nations," which influenced his doctorate thesis on the subject, "The Entrepreneur as a Leader in the Historical Process." <ref>{{cite web|title=Israeli Business Forum of New York|url=http://www.israelibusinessforum.org/content/events/past_events/04-08-17erel_margalit.html|work=Speaker: Erel N. Margalit&nbsp;— Founder & Managing Partner, Jerusalem Venture Partners (JVP)|accessdate=5/2/11}}</ref>


In response to the [[First Intifada]] and the anti-Israeli activities on American campuses, Margalit organized a dialogue group between Israeli and Arab students. Together with other Israeli doctoral students, among them [[Yossi Dahan]] and [[Yossi Bachar]], he established groups on eight leading campuses.
In response to the [[First Intifada]] and the anti-Israeli activities on American campuses, Margalit organized a dialogue group between Israeli and Arab students. Together with other Israeli doctoral students, among them [[Yossi Dahan]] and [[Yossi Bachar]], he established groups on eight leading campuses.

Margalit is married to Debbie and has three daughters: Tair, Eden and Maya.<ref>{{cite web|title=Israeli Business Forum|url=http://www.israelibusinessforum.org/content/events/past_events/10-03-23-Margalit.html|work=PIONEERING ISRAEL’S NEW SOCIAL-ECONOMIC ERA:The Role of the Creative Class|accessdate=5/2/11}}</ref>



== Career ==
== Career ==
Line 34: Line 37:
Returning to Israel, Margalit began to work at the Jerusalem Development Authority under Uzi Wexler, promoting business development and technological entrepreneurship in Jerusalem under Uzi Wexler. During this time, he worked closely with [[Teddy Kollek]].<ref>{{cite web|title=Giving Wisely|url=http://www.givingwisely.org.il/?page_id=3446&amuta=580394872|work=Jerusalem Venture Partners (JVP) Community}}</ref> He also worked in cooperation with American governors, among them [[Mario Cuomo]] of [[New York]], [[Pete Wilson]] of [[California]], [[James Florio]] of [[New Jersey]] and [[Rodney Wallace (Massachusetts)|Rodney Wallace]] of Massachusetts. Margalit helped to attract dozens of technology companies to Jerusalem with the aim of turning the city into a high-tech capital for Israel. In three years, he succeeded in bringing in 70 large technology companies, including [[Digital]] and [[IBM]]. In June 1994, Margalit left the JDA and embarked on an independent career.<ref>{{cite news|last=Prince-Gibson|first=Eetta|title=Erel Margalit's powerful visions|url=http://www.israel21c.org/culture/erel-margalit-s-powerful-visions|accessdate=5/2/11|newspaper=Israel21C|date=5/2/11}}</ref>
Returning to Israel, Margalit began to work at the Jerusalem Development Authority under Uzi Wexler, promoting business development and technological entrepreneurship in Jerusalem under Uzi Wexler. During this time, he worked closely with [[Teddy Kollek]].<ref>{{cite web|title=Giving Wisely|url=http://www.givingwisely.org.il/?page_id=3446&amuta=580394872|work=Jerusalem Venture Partners (JVP) Community}}</ref> He also worked in cooperation with American governors, among them [[Mario Cuomo]] of [[New York]], [[Pete Wilson]] of [[California]], [[James Florio]] of [[New Jersey]] and [[Rodney Wallace (Massachusetts)|Rodney Wallace]] of Massachusetts. Margalit helped to attract dozens of technology companies to Jerusalem with the aim of turning the city into a high-tech capital for Israel. In three years, he succeeded in bringing in 70 large technology companies, including [[Digital]] and [[IBM]]. In June 1994, Margalit left the JDA and embarked on an independent career.<ref>{{cite news|last=Prince-Gibson|first=Eetta|title=Erel Margalit's powerful visions|url=http://www.israel21c.org/culture/erel-margalit-s-powerful-visions|accessdate=5/2/11|newspaper=Israel21C|date=5/2/11}}</ref>


===Jerusalem Venture Partners (JVP)===
=== Jerusalem Venture Partners (JVP) ===
[[File:madpis.jpg|thumb|right|250px|JVP Media Quarter in Jerusalem]]
[[File:madpis.jpg|thumb|right|250px|JVP Media Quarter in Jerusalem]]
In 1993, Erel Margalit founded the JVP venture capital fund. He created a new model that integrated an active management approach with a strategy of forming an international market. Under his leadership, JVP has been instrumental in building dozens of high-tech startups into global corporations operating in Israel, the United States, Europe and Asia. Under his leadership, the JVP Fund currently runs investments of approximately 850 million dollars in eight funds, and specializes in investments in media, internet, mobile telephony, advertising and gaming industries. Erel has personally led seventeen successful exits, including the sale of Chromatis Networks, to [[Lucent| Lucent Technologies]] in 2000 for $4.82 billion, the highest amount ever paid to an Israel company and the IPO of [[QlikTech|Qlik Technologies]], which as of April 2011 was valued at over $2 billion.<ref>{{cite web|title=JVP Venture Capital|url=http://www.jvpvc.com/funds-about|work=About|accessdate=5/2/11}}</ref><ref>{{cite web|title=CrunchBase|url=http://www.crunchbase.com/person/erel-n-margalit|work=Erel N. Margalit|publisher=TechCrunch|accessdate=5/2/11}}</ref>
In 1993, Erel Margalit founded the JVP venture capital fund. He created a new model that integrated an active management approach with a strategy of forming an international market. Under his leadership, JVP has been instrumental in building dozens of high-tech startups into global corporations operating in Israel, the United States, Europe and Asia. Under his leadership, the JVP Fund currently runs investments of approximately 850 million dollars in eight funds, and specializes in investments in media, internet, mobile telephony, advertising and gaming industries. Erel has personally led seventeen successful exits, including the sale of Chromatis Networks, to [[Lucent| Lucent Technologies]] in 2000 for $4.82 billion, the highest amount ever paid to an Israel company and the IPO of [[QlikTech|Qlik Technologies]], which as of April 2011 was valued at over $2 billion.<ref>{{cite web|title=JVP Venture Capital|url=http://www.jvpvc.com/funds-about|work=About|accessdate=5/2/11}}</ref><ref>{{cite web|title=CrunchBase|url=http://www.crunchbase.com/person/erel-n-margalit|work=Erel N. Margalit|publisher=TechCrunch|accessdate=5/2/11}}</ref>
Line 57: Line 60:
=== Avoda Now Movement ===
=== Avoda Now Movement ===


Since his initial support of the Labor Party, Margalit grew disillusioned with the direction of the party and its leadership. On January 17, 2011 the Chairman of the Labor Party, Ehud Barak, announced his resignation from the Labor Party and the establishment of a new party – “[[Atzmaut]],” (The Independence Party) [http://www.nypost.com/p/news/international/barak_dumps_labor_CWb7ohYXBGv63bjlERUR2K]. Two days after this announcement Margalit helped to found the "Avoda Now" movement together with prominent members of Israel’s business, technology and cultural community, calling for a revival of the Labor Party. The movement launched a public campaign calling the people to join the Labor party lines; with the aim of renewing its institutions, restore its social values, and choose new dynamic leadership.<ref>{{cite web|title=PR Newswire|url=http://www.reuters.com/article/2011/04/27/idUS272092+27-Apr-2011+PRN20110427|work=Erel Margalit Announces His Candidacy to Lead the Labor Party|publisher=Reuters|accessdate=5/2/11}}</ref>
Since his initial support of the Labor Party, Margalit grew disillusioned with the direction of the party and its leadership. On January 17, 2011 the Chairman of the Labor Party, Ehud Barak, announced his resignation from the Labor Party and the establishment of a new party&nbsp;– “[[Atzmaut]],” (The Independence Party) [http://www.nypost.com/p/news/international/barak_dumps_labor_CWb7ohYXBGv63bjlERUR2K]. Two days after this announcement Margalit helped to found the "Avoda Now" movement together with prominent members of Israel’s business, technology and cultural community, calling for a revival of the Labor Party. The movement launched a public campaign calling the people to join the Labor party lines; with the aim of renewing its institutions, restore its social values, and choose new dynamic leadership.<ref>{{cite web|title=PR Newswire|url=http://www.reuters.com/article/2011/04/27/idUS272092+27-Apr-2011+PRN20110427|work=Erel Margalit Announces His Candidacy to Lead the Labor Party|publisher=Reuters|accessdate=5/2/11}}</ref>


On April 27, 2011, saying he could "no longer watch from the sidelines as the political situation in Israel deteriorates", Margalit announced his intention to run for the chairmanship of the Israel's Labor Party.<ref>{{cite web|title=PR Newswire|url=http://www.reuters.com/article/2011/04/27/idUS272092+27-Apr-2011+PRN20110427|work=Erel Margalit Announces His Candidacy to Lead the Labor Party|publisher=Reuters|accessdate=5/2/11}}</ref>
On April 27, 2011, saying he could "no longer watch from the sidelines as the political situation in Israel deteriorates", Margalit announced his intention to run for the chairmanship of the Israel's Labor Party.<ref>{{cite web|title=PR Newswire|url=http://www.reuters.com/article/2011/04/27/idUS272092+27-Apr-2011+PRN20110427|work=Erel Margalit Announces His Candidacy to Lead the Labor Party|publisher=Reuters|accessdate=5/2/11}}</ref>

Revision as of 06:47, 21 September 2011

Erel Margalit
File:Erel Margalit Phonto.jpg
Erel Margalit
Personal details
Born1961
Kibbutz Na'an, Israel
Political partyLabor
Alma materColumbia University,
Hebrew University
OccupationVenture Capitalist
Military service
Branch/serviceIsraeli Defense Force
Years of service1979-1982
RankSergeant Major

Erel Margalit is an Israeli high-tech and social entrepreneur. He is the founder and managing partner of the Jerusalem-based venture capital firm Jerusalem Venture Partners (JVP). In 2005, Forbes international business magazine selected Margalit as the top-ranking non-American venture capitalist on its prestigious "Midas (The Golden Touch) List.” [1] In 2010, The Marker Magazine named him the best venture capitalist in Israel.[2] Margalit is a founder of the Avoda Now movement. In April 2011, he submitted his candidacy for chairman of the Israeli Labor party but subsequently withdrew from the race. [3]

Biography

Erel Margalit was born in Kibbutz Na'an the eldest of three siblings. His father, Itzik Margalit, was one of the founders of Kfar Haim, and his mother, Mickey, was a founding member of Moshav Avihail. In 1969, the family was sent on a mission to Detroit, Michigan where his father was head of a local Hebrew school. While in high school in Michigan, Erel became a point-guard on a local basketball team. After returning to Israel in 1971, he attended Rene Kassen High School in Jerusalem where he continued to play basketball. Recognition of his talent led to an offer to join the Israeli youth team, but he declined in favor of serving in an IDF combat unit. [4] He served in Golani"s "Orev" unit as an operations officer, reaching the rank of sergeant major. As a reservist in 1982, he fought in the First Lebanon War with the IDF's airborne anti-tank division.

Margalit studied philosophy, logic, and English literature at the Hebrew University of Jerusalem, where he met his future wife. In 1985 Margalit moved to New York to attend Columbia University where he continued towards a doctorate in philosophy and logic. During his studies he was exposed to Michael Porter’s "The Competitive Advantage of Nations," which influenced his doctorate thesis on the subject, "The Entrepreneur as a Leader in the Historical Process." [5]

In response to the First Intifada and the anti-Israeli activities on American campuses, Margalit organized a dialogue group between Israeli and Arab students. Together with other Israeli doctoral students, among them Yossi Dahan and Yossi Bachar, he established groups on eight leading campuses.

Margalit is married to Debbie and has three daughters: Tair, Eden and Maya.[6]


Career

Jerusalem Development Authority

Returning to Israel, Margalit began to work at the Jerusalem Development Authority under Uzi Wexler, promoting business development and technological entrepreneurship in Jerusalem under Uzi Wexler. During this time, he worked closely with Teddy Kollek.[7] He also worked in cooperation with American governors, among them Mario Cuomo of New York, Pete Wilson of California, James Florio of New Jersey and Rodney Wallace of Massachusetts. Margalit helped to attract dozens of technology companies to Jerusalem with the aim of turning the city into a high-tech capital for Israel. In three years, he succeeded in bringing in 70 large technology companies, including Digital and IBM. In June 1994, Margalit left the JDA and embarked on an independent career.[8]

Jerusalem Venture Partners (JVP)

JVP Media Quarter in Jerusalem

In 1993, Erel Margalit founded the JVP venture capital fund. He created a new model that integrated an active management approach with a strategy of forming an international market. Under his leadership, JVP has been instrumental in building dozens of high-tech startups into global corporations operating in Israel, the United States, Europe and Asia. Under his leadership, the JVP Fund currently runs investments of approximately 850 million dollars in eight funds, and specializes in investments in media, internet, mobile telephony, advertising and gaming industries. Erel has personally led seventeen successful exits, including the sale of Chromatis Networks, to Lucent Technologies in 2000 for $4.82 billion, the highest amount ever paid to an Israel company and the IPO of Qlik Technologies, which as of April 2011 was valued at over $2 billion.[9][10]

The Media Quarter

In 2006, Erel Margalit formed and developed the new Media Quarter in and around the historical train station compound in Jerusalem. The Media Quarter, JVP Media Labs, a technological incubator, and The Lab, an arts incubator for Jerusalem performing artists, operate side by side. Currently over 300 young employees work in the Media Quarter, including engineers, artists, authors, filmmakers, and cultural figures. The Media Quarter has become one of the most innovative cultural and business scenes in Israel.[11]

Social Entrepreneurship

In the Community (Bakehila)

In 2002, Marglit founded the social organization "Bakehila" (In the Community) as a means of reducing the socio-economic gap affecting underprivileged children in Jerusalem. Bakehila runs educational programs in the disadvantaged neighborhoods of Jerusalem with the goal of raising the students' academic achievements, and promoting personal and social growth among these children. Thousands of students from Jerusalem attended the program during its first eight years.[12]

The Lab (Hama'abada)

Following the events of the second intifada and the massive departure of young artists from Jerusalem, Erel Margalit created The Lab (Hama'abada) to keep and attract young artists in Israel’s capital. The Lab provides support and assistance to these artists, providing venues for young Israelis to create, perform, and receive feedback on their work.[13]

Political Activism

2005 Elections

During the 2005 election campaign, Margalit was one of the first businessmen to support Amir Peretz in the general elections. He joined the Labor Party and expressed his support of Peretz's social agenda. Margalit promoted his vision of economic growth whereby the ultra-orthodox and Arab populations would be integrated in the labor market in Israel, thus taking them out of poverty and alleviating pressure on the middle classes. In addition, Margalit presented a plan for bringing the periphery of Israel closer to the center of the country, both economically and socially.[14]

Avoda Now Movement

Since his initial support of the Labor Party, Margalit grew disillusioned with the direction of the party and its leadership. On January 17, 2011 the Chairman of the Labor Party, Ehud Barak, announced his resignation from the Labor Party and the establishment of a new party – “Atzmaut,” (The Independence Party) [1]. Two days after this announcement Margalit helped to found the "Avoda Now" movement together with prominent members of Israel’s business, technology and cultural community, calling for a revival of the Labor Party. The movement launched a public campaign calling the people to join the Labor party lines; with the aim of renewing its institutions, restore its social values, and choose new dynamic leadership.[15]

On April 27, 2011, saying he could "no longer watch from the sidelines as the political situation in Israel deteriorates", Margalit announced his intention to run for the chairmanship of the Israel's Labor Party.[16]

References

  1. ^ "Forbes". The Midas List. Forbes Publishing. Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)
  2. ^ "מלך האקזיטים: אראל מרגלית - איש ההון סיכון בעל מגע הזהב". The Marker. Retrieved 5/2/11. {{cite news}}: Check date values in: |accessdate= (help)
  3. ^ Erel Margalit Announces His Candidacy to Lead the Labor Party
  4. ^ Prince-Gibson, Eetta (5/2/11). "Erel Margalit's powerful visions". Israel21C. Retrieved 5/2/11. {{cite news}}: Check date values in: |accessdate= and |date= (help)
  5. ^ "Israeli Business Forum of New York". Speaker: Erel N. Margalit — Founder & Managing Partner, Jerusalem Venture Partners (JVP). Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)
  6. ^ "Israeli Business Forum". PIONEERING ISRAEL’S NEW SOCIAL-ECONOMIC ERA:The Role of the Creative Class. Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)
  7. ^ "Giving Wisely". Jerusalem Venture Partners (JVP) Community.
  8. ^ Prince-Gibson, Eetta (5/2/11). "Erel Margalit's powerful visions". Israel21C. Retrieved 5/2/11. {{cite news}}: Check date values in: |accessdate= and |date= (help)
  9. ^ "JVP Venture Capital". About. Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)
  10. ^ "CrunchBase". Erel N. Margalit. TechCrunch. Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)
  11. ^ "JVP Venture Capital". About the Media Quarter. Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)
  12. ^ "JVP Venture Capital". About. Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)
  13. ^ "JVP Venture Capital". About. Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)
  14. ^ Andromidas, Dean. "Lebanon Wire". Political Upset in Israel: Labor Leader To Follow Rabin.
  15. ^ "PR Newswire". Erel Margalit Announces His Candidacy to Lead the Labor Party. Reuters. Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)
  16. ^ "PR Newswire". Erel Margalit Announces His Candidacy to Lead the Labor Party. Reuters. Retrieved 5/2/11. {{cite web}}: Check date values in: |accessdate= (help)

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