1. Small Window to Hi-tech and Angel Investing in Israel
Ailon Michaely
Angel Investor
Small Window to Hi-tech and Angel Investing in Israel

2. Start-up Investments per “Sector”*
# TOTAL ~ 1 Bil USD
of that:
Life Sciences ~ 327 mil
Internet ~ 283 mil
Software ~ 262 mil
Others ~ 150 mil
* Israel - Q3 2015

3. How much have Israeli start-ups been raising?
3.3 Mil Mil Mil Mil Mil
In red – Average Per Deal

4. It's a Marathon and many don’t reach the finish line

5. Who invests in startups?
* Corporate venture capital funds
* Private venture capital funds
* Institutionals
* “Angels” – private investors
- Large (a.k.a “super angels”)
- Small

6. Essential ingredients in the Angel’s basket
Cash in pocket but not in the heart
Sense of adventure or / and urge to share
Business analytical capabilities
“Psychological” analytical capabilities
Patienceeeeeeeeeee
Willingness to lose

7. The Angel’s due diligence
Is there a “click”?
Do I understand enough?
Do I like the founders?
Am I convinced there’s indeed a problem?
Am I convinced there may be a solution?
How much funding will be needed over time (“what’s the probability of falling to the wolves”?)

8. 3 of my investments
Immunity Pharma
AngelSense
Galil Software

9. Thank You!