Serial entrepreneur Dr. Ori Allon plans investing between $100,000 and $200,000 per start up via his Allon Ventures fund.
After receiving investment proposals from over 1,000 Israeli start ups, Dr. Ori Allon, the former Israeli serial entrepreneur, will visit Israel at the start of June to look more closely at some of the entrepreneurs that have most impressed him. Last month, "Globes" revealed that Allon who has sold companies to Google and Twitter plans investing in Israeli start ups.
Allon explained that he had chosen to invest in Israeli companies because of a lack of local angels. He said, "Compared with New York or Silicon Valley there aree not enough people coming in at a very early stage and putting money into start ups."
Allon will check out 10-20 start ups in Tel Aviv on June 2-3. He plans investing between $100,000 and $200,000 per start up via his Allon Ventures fund. He is still open to more proposals from Israeli start ups, (which should be sent to orly@allonventures.com).
Published by Globes [online], Israel business news - www.globes-online.com - on May 19, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013