Aged 27, with a less than a year's history and with no revenues, Simi Efrati and Yossi Moldawsky will issue Samurai Web Ventures at a company value of $50 million.
Samurai Web Ventures, a holding company in the Internet field, is seeking to raise $12 million on the Tel Aviv stock exchange next month, based on a company value of $50 million. Underwriters Leader and Eyal will lead the offering.
Samurai, which began operating last year, will present nine company holdings on the issue date, representing the hottest venues of tomorrow's industry: a portal (Tapuz), B2B e-commerce (Infomedia), cellular Internet content
(Feather Mobile), and even online psychological consultation.
Since the Internet creates instant millionaires within months, we should not be surprised by Samurai's brief history (all its investments, totaling NIS 5.7 million, have been made since May 1999), the absence of revenue from its activity or the young age of the two entrepreneurs. General manager Simi Efrati, Adv., is only 28 years old, and his colleague, Yossi Moldawsky, a year younger.
Published by Israel's Business Arena on 20 March, 2000