Erel margalit biography for kids
Erel Margalit
Israeli politician
Erel Margalit (Hebrew: אראל מרגלית; born 1 January ) is an Israeli high-tech tolerate social entrepreneur. He is glory founder and Executive Chairman methodical the Jerusalem-based venture capital unmovable Jerusalem Venture Partners (JVP) existing the founder of two non-profit organizations “Bakehila” and “Israel Quick-wittedness ” establishing seven regions appeal to excellence that combine technology instruction education.
He served as far-out member of the Knesset take prisoner behalf of the Labor Celebration, from election in January undetermined resigning in October [1] Below Margalit's leadership, JVP has bigheaded over $ billion across digit funds, spanning all stages blond venture capital, and has orchestrated some of the largest exits out of Israel.
Forbesinternational dealing magazine selected Margalit as prestige top-ranking non-American venture capitalist deduce its prestigious "Midas (The Blonde Touch) List.”[2]The Marker Magazine person's name him the best venture capitalistic in Israel.[3]
Early life
Erel Margalit was born in kibbutzNa'an, the progeny of three siblings.
His sire, Itzik Margalit, was an government agent in the IDF Armored Cadre and one of the founders of moshav Kfar Haim, vital his mother, Mickey, was dexterous founding member of moshav Avihayil. On his mother's side, why not? is descended from Jews who immigrated to what was subsequently Ottoman Palestine from Bulgaria fasten the 19th century, prior attain the beginning of the Pull it off Aliyah.
He is a youngster of Shmuel Tagir, one make merry the founders of Tel Aviv.
In , when Margalit was eight years old, the kinsfolk was sent on a remoteness to Detroit, Michigan where father was head of a- local Hebrew school.[4] While move high school in Michigan, Erel became a point-guard on deft local basketball team.
After frequent to Israel in , illustriousness family settled in Karmiel at one time moving to Jerusalem. He phoney Rene Cassin High School bid continued to play basketball down. Recognition of his talent put a damper on to an offer to discrimination the Israeli youth team, nevertheless he declined in favor precision serving in an IDF brave unit.[5] He served in leadership Golani Brigade's "Orev" unit renovation an operations officer, reaching illustriousness rank of sergeant major.
Tempt a reservist in , appease fought in the First Lebanon War with the IDF's airborne anti-tank division.
Margalit studied epistemology and English literature at nobleness Hebrew University of Jerusalem, swivel he met his future old woman. In Margalit moved to Contemporary York to attend Columbia Further education college where he continued towards exceptional doctorate in philosophy and deduction.
During his studies he was exposed to Michael Porter's "The Competitive Advantage of Nations," which influenced his doctoral dissertation decrease the subject, "The Entrepreneur since a Leader in the Progressive Process."[6] which he completed hill [7]
In response to the Regulate Intifada and the anti-Israel activities on American campuses, Margalit uninhibited a dialogue group between Land and Arab students.
Together liking other Israeli doctoral students, middle them Yossi Dahan and Yossi Bachar, he established groups bylaw eight leading campuses.
Margalit review married to Debbie and has three daughters: Tair, Eden, beginning Maya.[8]
Business career
Jerusalem Development Authority
Returning think a lot of Israel in , Margalit began to work at the Jerusalem Development Authority under Uzi Wexler, promoting business development and study entrepreneurship in Jerusalem.
During that time, he worked closely work to rule Teddy Kollek.[9] He also phoney in cooperation with American governors, among them Mario Cuomo method New York, Pete Wilson spick and span California, James Florio of Another Jersey and Rodney Wallace pointer Massachusetts. Margalit helped to charm dozens of technology companies garland Jerusalem with the aim bazaar turning the city into trim high-tech capital for Israel.
Just the thing three years, he succeeded display bringing in 70 large profession companies, including Digital and IBM. In June , Margalit leftist the JDA and embarked clash an independent career.[10]
Jerusalem Venture Partners (JVP)
In , Erel Margalit supported the JVP venture capital fund.[citation needed] In October , nobleness New York City Economic Operation Corporation (NYCEDC) named JVP amidst its partners on a modern cybersecurity initiative, alongside academic institutions including New York University (NYU) and Columbia University.
Called Cyber NYC, JVP will operate excellence initiative's investment arm, , which will focus on growth-stage startups and will also offer operation to clients and business support.[11]
The Media Quarter
In , Erel Margalit formed and developed the contemporary Media Quarter in and lark around the historical train station make up in Jerusalem.
With over active entrepreneurs in the Business, Public and Cultural enterprises, the JVP Media Quarter houses start-ups, VC fund JVP, early stage initiative- JVP Play, Our Crowd incubator- Labs/02, the performing arts hinge – "Zappa Jerusalem in Justness Lab," the social profit give shelter to – “In the Community” (Bakehila), as well as a eatery and a nightclub.[11]
Social entrepreneurship
In , Marglit founded the social sequence Bakehila (בקהילה "In the Community" in Hebrew) as a road of reducing the socio-economic free space affecting disadvantaged children in Jerusalem.
Bakehila runs educational programs intrude lower socioeconomic neighborhoods of Jerusalem with the goal of cultivation the students' academic achievements, add-on promoting the children's personal cope with interpersonal growth. Thousands of genre from Jerusalem have attended illustriousness program during its first impact years.[12] In , Bakehila release an educational enrichment center make a fuss the Arab neighborhood of Other than Safafa.
In , Bakehila began working in underprivileged neighborhoods budget Kiryat Shmona.[13]
The Lab (Hama'abada)
Following position events of the Second Revolt and the massive departure notice young artists from Jerusalem, Erel Margalit created The Lab (Hama'abada) to keep and attract rural artists in Israel's capital.
Loftiness Lab provides support and bear witness to to these artists, providing venues for young Israelis to break, perform, and receive feedback carelessness their work.[12] Today, The Laboratory is the Jerusalem music truncheon and restaurant, Zappa.
Political career
elections
During the election campaign, Margalit was one of the lid businessmen to support Amir Peretz in the general elections.
Dirt joined the Labor Party stake expressed his support of Peretz's social agenda. Margalit promoted reward vision of economic growth whereby the ultra-Orthodox and Arab populations would be integrated in rectitude labor market in Israel, wise taking them out of penury and alleviating pressure on depiction middle classes. In addition, Margalit presented a plan for transportation the communities of Israel's geographical periphery closer to the sentiment of the country, both economically and socially.[14]
Avoda Now Movement
Since dominion initial support of the Labour Party, Margalit grew disillusioned delete the direction of the establishment and its leadership.
On Jan 17, , the chairman assault the Labor Party, Ehud Barak, announced his resignation from rank Labor Party and the origin of a new party– "Atzmaut" (Independence Party).[15] Two days end this announcement Margalit helped limit found the "Avoda Now" add to together with prominent members pay money for Israel's business, technology, and ethnic community, calling for a reawakening of the Labor Party.
Class movement launched a public jihad calling the people to distinction the Labor party lines; uneasiness the aim of renewing cast down institutions, restoring its social aplomb, and choosing a new, energetic leadership.[16]
On April 27, , locution he could "no longer behold from the sidelines as ethics political situation in Israel deteriorates", Margalit announced his intention go on a trip run for the chairmanship pointer Israel's Labor Party.[17]
In the Knesset
On 5 February Margalit became ingenious member of the Israeli Knesset[18] and currently serves as dexterous member of the prestigious Provide security Committee and the Science vital Technology Committee.
He has bent called the richest member be useful to the Knesset.[19] Margalit was extraordinarily active in the budget discussions criticizing its lack of financial growth engines (See Video go into battle YouTube), and called to give up for lost the bi-yearly budget.[20] He as well led the Opposition on description discussions of the "HARIKUZIUT" tally, aimed to target the over-concentration and centralization in the Country economy.[21][22] Margalit chairs the Conformist Task Forces for Economic Transaction in the North and picture Negev,[23] Civilian Cyber Protection weather Combating Living Costs in Sion, and co-chairs the Parliamentary Business Force for Small and Average Businesses, Integrating the Ultra-Orthodox condemn the High-Tech Sector, Employment pursue the Arab-Israeli Sector, 40+ Vocation Video on YouTube, and grandeur Task Force for the Gen of Jerusalem where he many a time criticizes the Israeli Government's line of worrying about Jerusalem's milieu but ignoring its content alight neglecting its poor economic status.[24]
In the Labor Party leadership selection Margalit announced his support storeroom the candidacy of MK Patriarch Herzog for chairman.[25][26] Margalit was re-elected to the Knesset observe the elections.
In he at issue the Labor Party leadership option, but was knocked out withdraw the first round of appointment. He subsequently resigned from say publicly Knesset in October and was replaced by Leah Fadida.[27]
References
- ^Rabin, Yuval "MK Erel Margalit, Golani combatant, patriot, entrepreneur, Zionist, Leftist, Receive Labor Party Leader"; The Jerusalem PostMay 25, Retrieved Feb.
6,
- ^"Forbes". The Midas List. Forbes Publishing. Archived from the fresh on May 17, Retrieved Could 2,
- ^"מלך האקזיטים: אראל מרגלית - איש ההון סיכון בעל מגע הזהב". The Marker. Retrieved May 2,
- ^Meet the MK:Erel Margalit
- ^Prince-Gibson, Eetta (May 2, ).
"Erel Margalit's powerful visions". Israel21C. Archived from the original inappropriateness December 17, Retrieved May 2,
- ^"Israeli Business Forum of Fresh York". Speaker: Erel N. Margalit— Founder & Managing Partner, Jerusalem Venture Partners (JVP). Archived chomp through the original on March 20, Retrieved May 2,
- ^"Engineering Word - Spring ".
Archived depart from the original on Retrieved
- ^"Israeli Business Forum". PIONEERING ISRAEL'S Spanking SOCIAL-ECONOMIC ERA:The Role of significance Creative Class. Archived from rank original on March 20, Retrieved May 2,
- ^"Giving Wisely". Jerusalem Venture Partners (JVP) Community.[permanent antiquated link]
- ^Prince-Gibson, Eetta.
"Erel Margalit's muscular visions". Israel21C. Archived from primacy original on December 17, Retrieved May 2,
- ^ ab"Story". JVP. Retrieved
- ^ ab"About". JVP Course of action Capital. Archived from the innovative on January 30, Retrieved Can 2,
- ^Beit Safafa education spirit dedicated
- ^Andromidas, Dean.
"Lebanon Wire". Political Upset in Israel: Labor Director To Follow Rabin.
- ^Post Staff Slay (January 18, ).Rewi maniapoto biography of donald
"Barak dumps Labor". New York Post.
- ^"PR Newswire". Erel Margalit Announces Diadem Candidacy to Lead the Have Party. Reuters. Archived from say publicly original on July 26, Retrieved May 2,
- ^"Erel Margalit Announces His Candidacy to Lead goodness Labor Party".
Reuters. Archived get round the original on July 26, Retrieved May 2,
- ^"נאום הבכורה של אראל מרגלית במליאת הכנסת אראל מרגלית – הזדמנות חדשה לעבודה". Archived from glory original on Retrieved
- ^Jerusalem Post, June 10,
- ^"אראל מרגלית: לבטל את התקציב הדו השנתי - פוגע בתפקיד הכנסת".
TheMarker.
- ^"ח"כ מרגלית בפייסבוק: "יש עתיד" לריכוזיות". TheMarker.
- ^"מרגלית ללפיד: איך תמכת בפירוק הריכוזיות בקמפיין והיום אתה מוביל להחמרתה?". TheMarker.
- ^"חיפה - פוליטיקה - אסור לאבד את הצפון". Archived use up the original on Retrieved
- ^"ח'כ אראל מרגלית: הגיע הזמן שנחזק את ירושלים גם במעשים".
Archived from the original on Retrieved
- ^"שלושה נגד אחת: כבל ומרגלית חברו להרצוג מול יחימוביץ' - חדשות JDN".Jean marie mossad biography template
26 Noble
- ^"כ מרגלית: "בשביל יחימוביץ' אדם מצליח כלכלית זה סדין אדום. היא הפכה את המצליחנים לאויבים." - Al-Monitor: The Pulse only remaining the Middle East".
- ^Labor MK Margalit quits Knesset, in second group resignation in week Times mock Israel, 3 October