“Israeli entrepreneurs have a novel high quality of being extra direct in communication with traders, clients, or workforce members,” defined Encompass Ventures’ Managing Accomplice Jared Kash. “Though it is very important be delicate to cultural variations between People and Israelis, this fashion of assertiveness differs from their native counterparts.”
The VC has joined CTech for its model new collection, Israeli Tech in NY, the place entrepreneurs, startups, and traders focus on a few of the enterprise, cultural, and social norms that converge when People and Israelis work collectively.
Encompass Ventures (VC)
Most important fields of funding:
Media / Leisure / Sports activities / E-commerce
Jared Kash / Yaron Kniajer
12 months of founding:
$18 Million / Fund I
IMGN Media, Xtend, Solvo, Bites
Encompass Ventures is a novel mixture of Israeli and American traders constructed on years of fund expertise, trusted relations with Israeli founders, experience in early-stage investments, and an unparalleled community within the U.S. Each Jared Kash and Yaron Kniajer, the Managing Companions of Encompass Ventures, created the fund after growing a powerful reference to each other following a co-investment in IMGN Media.
Firm’s imaginative and prescient:
Encompass Ventures is the house for Israeli know-how startups within the media, leisure, sports activities, and e-commerce sectors. Our workforce is dedicated to empowering our portfolio firms with strategic insights and entry to essentially the most related executives, entrepreneurs, and traders.
What varieties of Israeli startups/entrepreneurs are you interested by?
Specializing in early-stage Israeli know-how firms, normally with a working product and promising market traction, inside industries we perceive nicely and may add significant worth.
Why spend money on an Israeli firm in New York? What benefits do such firms have? How is the New York market totally different from the Israeli market?
Much like our fund’s construction, we’re investing in Israeli firms with operations throughout Tel Aviv, New York, and Los Angeles. Corporations have the benefit of speaking extra efficiently when working in the identical geography as their clients.
How do Israeli entrepreneurs/startups differ from their native counterparts?
Israeli entrepreneurs have a novel high quality of being extra direct in communication with traders, clients, workforce members, and many others. Though it is very important be delicate to cultural variations between People and Israelis, this fashion of assertiveness differs from their native counterparts.
Two strategies for Israeli entrepreneurs on what to do in New York:
In New York, Israeli entrepreneurs ought to goal to study and to make use of the American advertising strategy in branding, messaging, gross sales, and so forth, and supply the suitable American expertise to leverage present enterprise improvement connections.
Two strategies for Israeli entrepreneurs on what to not do in New York:
In New York, Israeli entrepreneurs ought to NOT underestimate the significance of grammar when speaking in e mail and NOT be afraid to dream huge!
On a scale of 1-10 how a lot did the Covid pandemic influence your work? Please broaden in your personal phrases the constructive and unfavourable results the outbreak had in your firm:
We imagine it’s the proper time to spend money on early-stage startups, in context to Covid-19’s influence. International crises comparable to Covid-19 accelerates innovation and creates engaging funding alternatives. For instance, following the 2008 Monetary Disaster we noticed the delivery of disruptive firms together with Airbnb, Uber, and WhatsApp, amongst others.
1) IMGN Media – acquired by Warner Music Group, in August 2020. Encompass Ventures invested within the firm in October 2019. IMGN Media is an modern, social writer throughout Gen-Z centered platforms, comparable to Instagram, Snapchat, and TikTok. IMGN Media owns and operates a portfolio of media channels throughout totally different demographic segments.
2) Xtend – whose founders beforehand bought Replay Applied sciences to Intel, is a drone ‘prolonged actuality’ startup, combining digital components with real-life environments. In September 2020, the US Division of Protection launched a pilot program with Xtend to check the employment of their drone techniques by the US navy.