Last week, serial Israeli investor Moseh Hogeg launched his second investment fund, Singulariteam. Chinese Internet giants Renren and Tencent led investment in the $100 million fund.
In an interview for Globes TV’s Geek Show, Hogeg explained why people don’t always get behind him: “I’m not from the 8200 Unit (IDF elite intelligence), and I've had no contact with Israel’s venture capital firms. I’m from Beersheva, and I came straight to New York, Hollywood, and foreign investors. So I guess there is some envy, and it makes people say things. It doesn’t trouble me too much.”
Hogeg also explained how he chooses which start-ups to invest in: “The most important thing to us is the team, and that the market that the company operates in is large and significant.”
Hogeg added, “Our investors are not only from China, but also from Russia and South America, and we take advantage of the quality of the investors to open doors for the start-ups. This is real added value - no less than the money.”
Published by Globes [online], Israel business news - www.globes-online.com - on February 1, 2015
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