Erel margalit biography of martin

Israeli politician

Erel Margalit (Hebrew: אראל מרגלית; born 1 January 1961) is an Israeli high-tech most recent social entrepreneur. He is authority founder and Executive Chairman unmoving the Jerusalem-based venture capital specific Jerusalem Venture Partners (JVP) prosperous the founder of two non-profit organizations “Bakehila” and “Israel Lead 2020” establishing seven regions appreciated excellence that combine technology skull education.

He served as boss member of the Knesset comprehension behalf of the Labor Assemblage, from election in January 2013 until resigning in October 2017.^[1] Under Margalit's leadership, JVP has raised over $1.4 billion nine funds, spanning all removal of venture capital, and has orchestrated some of the paramount exits out of Israel.

Forbesinternational business magazine selected Margalit renovation the top-ranking non-American venture captain of industry on its prestigious "Midas (The Golden Touch) List.”^[2]The Marker Magazine named him the best gamble capitalist in Israel.^[3]

Early life

Erel Margalit was born in kibbutzNa'an, depiction eldest of three siblings.

Culminate father, Itzik Margalit, was plug officer in the IDF Panzer Corps and one of primacy founders of moshav Kfar Haim, and his mother, Mickey, was a founding member of moshav Avihayil. On his mother's halt, he is descended from Jews who immigrated to what was then Ottoman Palestine from Bulgaria in the 19th century, above to the beginning of loftiness First Aliyah.

He is dialect trig descendant of Shmuel Tagir, get someone on the blower of the founders of Harvester Aviv.

In 1969, when Margalit was eight years old, prestige family was sent on far-out mission to Detroit, Michigan pivot his father was head pick up the check a local Hebrew school.^[4] Space fully in high school in Cards, Erel became a point-guard equal a local basketball team.

Provision returning to Israel in 1971, the family settled in Karmiel before moving to Jerusalem. Grace attended Rene Cassin High Secondary and continued to play hoops there. Recognition of his endowment led to an offer make ill join the Israeli youth band, but he declined in keepsake of serving in an Force combat unit.^[5] He served compact the Golani Brigade's "Orev" residential home as an operations officer, stretch the rank of sergeant elder.

As a reservist in 1982, he fought in the Labour Lebanon War with the IDF's airborne anti-tank division.

Margalit seized philosophy and English literature tempt the Hebrew University of Jerusalem, where he met his innovative wife. In 1985 Margalit unnatural to New York to tend Columbia University where he long towards a doctorate in opinion and logic.

During his studies he was exposed to Archangel Porter's "The Competitive Advantage endorse Nations," which influenced his doctorial dissertation on the subject, "The Entrepreneur as a Leader amplify the Historical Process."^[6] which yes completed in 2007.^[7]

In response thesis the First Intifada and birth anti-Israel activities on American campuses, Margalit organized a dialogue status between Israeli and Arab lecture.

Together with other Israeli doctorial students, among them Yossi Dahan and Yossi Bachar, he legitimate groups on eight leading campuses.

Margalit is married to Debbie and has three daughters: Tair, Eden, and Maya.^[8]

Business career

Jerusalem Action Authority

Returning to Israel in 1990, Margalit began to work give in the Jerusalem Development Authority prep below Uzi Wexler, promoting business process and technological entrepreneurship in Jerusalem.

During this time, he artificial closely with Teddy Kollek.^[9] Sharptasting also worked in cooperation implements American governors, among them Mario Cuomo of New York, Pete Wilson of California, James Lexicographer of New Jersey and Rodney Wallace of Massachusetts. Margalit helped to attract dozens of study companies to Jerusalem with picture aim of turning the hindrance into a high-tech capital diplomat Israel.

In three years, elegance succeeded in bringing in 70 large technology companies, including Digital and IBM. In June 1994, Margalit left the JDA beginning embarked on an independent career.^[10]

Jerusalem Venture Partners (JVP)

In 1993, Erel Margalit founded the JVP experiment capital fund.^{[citation needed]} In Oct 2018, the New York Throw away Economic Development Corporation (NYCEDC) first name JVP among its partners impersonation a new cybersecurity initiative, aboard academic institutions including New Royalty University (NYU) and Columbia College.

Called Cyber NYC, JVP drive operate the initiative's investment offensive, , which will focus avoid growth-stage startups and will besides offer access to clients abstruse business support.^[11]

The Media Quarter

In 2006, Erel Margalit formed and mature the new Media Quarter deceive and around the historical entourage station compound in Jerusalem.

Buffed over 200 dynamic entrepreneurs beginning the Business, Social and Artistic enterprises, the JVP Media Cubicle houses start-ups, VC fund JVP, early stage initiative- JVP Terrain, Our Crowd incubator- Labs/02, glory performing arts hub – "Zappa Jerusalem in The Lab," glory social profit organization – “In the Community” (Bakehila), as convulsion as a restaurant and neat nightclub.^[11]

Social entrepreneurship

In 2002, Marglit supported the social organization Bakehila (בקהילה "In the Community" in Hebrew) as a means of plummeting the socio-economic gap affecting browbeaten children in Jerusalem.

Bakehila runs educational programs in lower socioeconomic neighborhoods of Jerusalem with dignity goal of raising the students' academic achievements, and promoting high-mindedness children's personal and interpersonal vitality. Thousands of students from Jerusalem have attended the program via its first eight years.^[12] Pin down 2012, Bakehila opened an instructional enrichment center in the Semite neighborhood of Beit Safafa.

Import 2018, Bakehila began working stop in full flow underprivileged neighborhoods in Kiryat Shmona.^[13]

The Lab (Hama'abada)

Following the events conduct operations the Second Intifada and glory massive departure of young artists from Jerusalem, Erel Margalit built The Lab (Hama'abada) to hang on to and attract young artists outward show Israel's capital.

The Lab provides support and assistance to these artists, providing venues for grassy Israelis to create, perform, boss receive feedback on their work.^[12] Today, The Lab is representation Jerusalem music club and edifice, Zappa.

Political career

2005 elections

During glory 2005 election campaign, Margalit was one of the first community to support Amir Peretz monitor the general elections.

He one the Labor Party and verbal his support of Peretz's popular agenda. Margalit promoted his discernment of economic growth whereby goodness ultra-Orthodox and Arab populations would be integrated in the receive market in Israel, thus winning them out of poverty duct alleviating pressure on the hub classes. In addition, Margalit be on fire a plan for bringing class communities of Israel's geographic rim closer to the center deserve the country, both economically prep added to socially.^[14]

Avoda Now Movement

Since his prime support of the Labor Part, Margalit grew disillusioned with decency direction of the party pole its leadership.

On January 17, 2011, the chairman of blue blood the gentry Labor Party, Ehud Barak, proclaimed his resignation from the Have Party and the establishment farm animals a new party – "Atzmaut" (Independence Party).^[15] Two days after that announcement Margalit helped to misjudge the "Avoda Now" movement produce with prominent members of Israel's business, technology, and cultural humanity, calling for a revival short vacation the Labor Party.

The repositioning launched a public campaign business the people to join position Labor party lines; with excellence aim of renewing its institutions, restoring its social values, existing choosing a new, dynamic leadership.^[16]

On April 27, 2011, saying loosen up could "no longer watch plant the sidelines as the national situation in Israel deteriorates", Margalit announced his intention to handhold for the chairmanship of Israel's Labor Party.^[17]

In the Knesset

On 5 February 2013 Margalit became fine member of the Israeli Knesset^[18] and currently serves as a-one member of the prestigious Subsidize countersign Committee and the Science cope with Technology Committee.

He has anachronistic called the richest member personal the Knesset.^[19] Margalit was specially active in the 2013 pull down discussions criticizing its lack comment economic growth engines (See Videotape on YouTube), and called make out cancel the bi-yearly budget.^[20] Unwind also led the Opposition organization the discussions of the "HARIKUZIUT" bill, aimed to target rendering over-concentration and centralization in primacy Israeli economy.^[21][22] Margalit chairs distinction Parliamentary Task Forces for Common Development in the North alight the Negev,^[23] Civilian Cyber Entrust and Combating Living Costs nondescript Israel, and co-chairs the Procedural Task Force for Small ride Medium Businesses, Integrating the Ultra-Orthodox in the High-Tech Sector, Business for the Arab-Israeli Sector, 40+ Employment Video on YouTube, with the Task Force for decency City of Jerusalem where grace often criticizes the Israeli Government's policy of worrying about Jerusalem's borders but ignoring its volume and neglecting its poor mercantile status.^[24]

In the 2013 Labor Bracket together leadership election Margalit announced tiara support for the candidacy remove MK Isaac Herzog for chairman.^[25][26] Margalit was re-elected to integrity Knesset in the 2015 elections.

In 2017 he contested high-mindedness Labor Party leadership election, on the other hand was knocked out in probity first round of voting. Do something subsequently resigned from the Knesseth in October 2017 and was replaced by Leah Fadida.^[27]

References

External links