Lgilab

Announcing LgiLab second investment: IncrediTrade

Today we announced an investment of LgiLab in Increditrade. This is our second investment since the creation of the Lightspeed Gemini Internet Lab (first was BP inTech). (Ofer Hi-Tech where the idea was born took also a minor stake). Increditrade will provide a range of services for simple retail investors that seek simple solutions and powerful information to make effective investment decision on financial markets

IncrediTrade empowers retail investors to make better investment decisions by leveraging reliable information in a simple and transparent format, which until now has been available to professional investors only.

The opportunity is great. The idea (we cannot disclose right now) is purely outstanding. The team (picture below of founders Assif Stoffman and Guy Hirsch CEO) is strong and brings heavy expertise both in investment fields and in internet marketing (Eran is part of the team).

We cannot say much right now since the company is in stealth mode and service will be released later this year. But i can tell you it is going to change the way investments are made. The challenge is big though. Making it in the financial world requires a lot of sharp efforts. We will work hard at LgiLab to make sure Increditrade gets the best support.

At this moment all you can do is register to their temporary homepage to get an alert when the service is released. 

I will join the advisory board of Increditrade along with Dan Ciporin .

• You can download our press release here
• More on themarker (hebrew) and thecoils (hebrew)

 

 

Why we do not sign NDAs

We are often asked to sign NDAs (confidentiality agreements). We never do that and there are good reasons.

Jeremy Liew at LightSpeed Blog, points to two excellent posts on why VCs do not sign NDAs. i strongly advise you to read those

As far as i am concerned, if i had to through NDAs each we receive a new company, then i would need to do that as a full time job. I would add that one of the core assets of a VC is its reputation. Serious VCs can’t afford to break that by disclosing information on other deals, in particular to its portfolio companies. Quoting Ask a VC

Reputable VCs, however, aren’t going to go around town blabbing about your plans. Besides, if I pass on your deal, I really don’t see the reason why I’d want to talk about it.  And if I fund your deal, I'm certainly not going to do anything to injure my investment. 

Eventually, i would say this, the success of a project is very rarely related to the idea itself. I believe it is more a question of execution, people and….chance. Things you cannot explain in a business plan and that certainly cannot be replicated and disclosed…

 

Video interviewed on TheMarker TV on our first investment

Thanks to Guy Grimland for the interest in interviewing us (Bp inTech entrepreneurs, our first investment and me). TheMarker TV is the online tv of the news paper themarker.

In hebrew only