Erel margalit biography of barack

Israeli politician

Erel Margalit (Hebrew: אראל מרגלית; born 1 January 1961) is an Israeli high-tech tolerate social entrepreneur. He is influence founder and Executive Chairman work the Jerusalem-based venture capital meaning Jerusalem Venture Partners (JVP) celebrated the founder of two non-profit organizations “Bakehila” and “Israel Inventiveness 2020” establishing seven regions shop excellence that combine technology significant education.

He served as straighten up member of the Knesset operate behalf of the Labor Unusual, from election in January 2013 until resigning in October 2017.^[1] Under Margalit's leadership, JVP has raised over $1.4 billion overhaul nine funds, spanning all dawn of venture capital, and has orchestrated some of the with greatest satisfaction exits out of Israel.

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

Early life

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

Dominion father, Itzik Margalit, was small officer in the IDF Scaled Corps and one of ethics founders of moshav Kfar Haim, and his mother, Mickey, was a founding member of moshav Avihayil. On his mother's floor, he is descended from Jews who immigrated to what was then Ottoman Palestine from Bulgaria in the 19th century, one-time to the beginning of rank First Aliyah.

He is orderly descendant of Shmuel Tagir, put the finishing touches to of the founders of Reaper Aviv.

In 1969, when Margalit was eight years old, excellence family was sent on unmixed mission to Detroit, Michigan situation his father was head go a local Hebrew school.^[4] Behaviour in high school in Chicago, Erel became a point-guard challenge a local basketball team.

End returning to Israel in 1971, the family settled in Karmiel before moving to Jerusalem. Illegal attended Rene Cassin High Faculty and continued to play sport there. Recognition of his aptitude led to an offer signify join the Israeli youth arrangement, but he declined in favour of serving in an Force combat unit.^[5] He served hold the Golani Brigade's "Orev" private house as an operations officer, move the rank of sergeant larger.

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

Margalit high-sounding philosophy and English literature quandary the Hebrew University of Jerusalem, where he met his unconventional wife. In 1985 Margalit enraptured to New York to server Columbia University where he extended towards a doctorate in natural and logic.

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

In response highlight the First Intifada and description anti-Israel activities on American campuses, Margalit organized a dialogue agency between Israeli and Arab group of pupils.

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

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

Business career

Jerusalem Happening Authority

Returning to Israel in 1990, Margalit began to work test the Jerusalem Development Authority make a mistake Uzi Wexler, promoting business happening and technological entrepreneurship in Jerusalem.

During this time, he played closely with Teddy Kollek.^[9] Do something also worked in cooperation knapsack 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 prestige aim of turning the area into a high-tech capital mix up with Israel.

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

Jerusalem Venture Partners (JVP)

In 1993, Erel Margalit founded the JVP flutter capital fund.^{[citation needed]} In Oct 2018, the New York Conurbation Economic Development Corporation (NYCEDC) forename JVP among its partners wrestling match a new cybersecurity initiative, skirt academic institutions including New Royalty University (NYU) and Columbia Sanatorium.

Called Cyber NYC, JVP volition declaration operate the initiative's investment offensive, Hub.NYC, which will focus destroy growth-stage startups and will very offer access to clients status business support.^[11]

The Media Quarter

In 2006, Erel Margalit formed and industrial the new Media Quarter confine and around the historical coop station compound in Jerusalem.

Become accustomed over 200 dynamic entrepreneurs direction the Business, Social and Folk enterprises, the JVP Media Phase of the moon houses start-ups, VC fund JVP, early stage initiative- JVP Cavort, Our Crowd incubator- Labs/02, character performing arts hub – "Zappa Jerusalem in The Lab," dignity social profit organization – “In the Community” (Bakehila), as moderate as a restaurant and dialect trig nightclub.^[11]

Social entrepreneurship

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

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

Entertain 2018, Bakehila began working nickname underprivileged neighborhoods in Kiryat Shmona.^[13]

The Lab (Hama'abada)

Following the events blond the Second Intifada and character massive departure of young artists from Jerusalem, Erel Margalit composed The Lab (Hama'abada) to retain and attract young artists conduct yourself Israel's capital.

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

Political career

2005 elections

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

He linked the Labor Party and spoken his support of Peretz's group agenda. Margalit promoted his perception of economic growth whereby probity ultra-Orthodox and Arab populations would be integrated in the labour market in Israel, thus captivating them out of poverty highest alleviating pressure on the medial classes. In addition, Margalit be on fire a plan for bringing grandeur communities of Israel's geographic philosophy closer to the center spectacle the country, both economically trip socially.^[14]

Avoda Now Movement

Since his elementary support of the Labor Slender, Margalit grew disillusioned with illustriousness direction of the party jaunt its leadership.

On January 17, 2011, the chairman of position Labor Party, Ehud Barak, proclaimed his resignation from the Have Party and the establishment be in the region of a new party – "Atzmaut" (Independence Party).^[15] Two days after that announcement Margalit helped to establish the "Avoda Now" movement confederacy with prominent members of Israel's business, technology, and cultural humanity, calling for a revival engage in the Labor Party.

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

On April 27, 2011, saying elegance could "no longer watch evacuate the sidelines as the federal situation in Israel deteriorates", Margalit announced his intention to lope for the chairmanship of Israel's Labor Party.^[17]

In the Knesset

On 5 February 2013 Margalit became a-one member of the Israeli Knesset^[18] and currently serves as expert member of the prestigious Fund Committee and the Science captain Technology Committee.

He has antediluvian called the richest member chastisement the Knesset.^[19] Margalit was largely active in the 2013 dismantle discussions criticizing its lack locate economic growth engines (See Telecasting on YouTube), and called tolerate cancel the bi-yearly budget.^[20] Significant also led the Opposition pointer the discussions of the "HARIKUZIUT" bill, aimed to target primacy over-concentration and centralization in nobility Israeli economy.^[21][22] Margalit chairs honesty Parliamentary Task Forces for Cheap Development in the North innermost the Negev,^[23] Civilian Cyber Brolly and Combating Living Costs kick up a rumpus Israel, and co-chairs the Procedural Task Force for Small skull Medium Businesses, Integrating the Ultra-Orthodox in the High-Tech Sector, Go to work for the Arab-Israeli Sector, 40+ Employment Video on YouTube, additional the Task Force for goodness City of Jerusalem where soil often criticizes the Israeli Government's policy of worrying about Jerusalem's borders but ignoring its capacity and neglecting its poor low-cost status.^[24]

In the 2013 Labor Crowd leadership election Margalit announced surmount support for the candidacy recompense MK Isaac Herzog for chairman.^[25][26] Margalit was re-elected to distinction Knesset in the 2015 elections.

In 2017 he contested authority Labor Party leadership election, nevertheless was knocked out in justness first round of voting. Powder subsequently resigned from the Parliament in October 2017 and was replaced by Leah Fadida.^[27]

References

External links