Orthodox Jewish Tech Startup Community Takes Root

Orthodox Jewish Tech Startup Community Takes Root

On a wintry Wednesday night, a choose group of 150 frum Venture Capitalists, founders and enterprise gurus gathered within the stylish W Loft going through the Manhattan skyline for a night devoted to the frum neighborhood’s effervescent tech startup neighborhood. Full Story, Photos, Video

By Zev Gotkin

On a wintry Wednesday night, a choose group of 150 frum Venture Capitalists, founders and enterprise gurus gathered within the stylish W Loft going through the Manhattan skyline for a night devoted to the frum neighborhood’s effervescent tech startup neighborhood.

The night was Demo day for Crown Ventures Accelerator the primary of its form within the USA. The first 5 startups who have been chosen to be a part of the accelerator’s firstclass, pitched earlier than a reside viewers of potential traders, their friends within the frum startup founder neighborhood, and members of the press.

Demo Day started with a collection of pitches from the startup founders. Founders from every of the 5 startups shared a presentation about their revolutionary firms on stage earlier than an viewers of traders and others within the startup neighborhood. After every 10-minute presentation, the ground was opened for questions so potential traders might study extra about these startups. The firms have been Belly/Gi Trak, TRUFYX, Musical Universe, Fluid Markets and Prettysmart.

Following the shows, the founders had an opportunity to community and mingle with the angel traders over a lavish sushi buffet and drinks. The traders in attendance have been VC’s and enterprise leaders who want to make investments on this thrilling and profitable house.

“Until now there was a giant lack of assist for tech in our neighborhood so [Crown Ventures] is a big assist,” mentioned attendee Jacob Eisenbach, Founder/CEO of Geeker.co.

Hershy Goldstein, Founder/CEO of FRIDAY, mentioned he attended the occasion as a result of he wished “to be across the heimishe startup ecosystem.”

“It’s very inspiring to see younger individuals from our neighborhood pursue this path, which till now wasn’t as accessible to individuals from our neighborhood,” mentioned Goldstein. “It’s very thrilling and I’d positively be curious about changing into part of subsequent 12 months’s cohort.”

“I imagine that Jewish Orthodox founders are gifted, succesful, educated, and revolutionary, however within the sphere of know-how and innovation, they continue to be underrepresented,” mentioned Crown Ventures founder, Yehoshua Werde. “Crown Ventures was created to alter that. Our imaginative and prescient is to reinforce alternatives for Yeshiva-educated founders inside the know-how and innovation sector. We goal to create a complete startup ecosystem to quickly launch and scale worthwhile firms that can change the world for the higher.”

Jacob Raabi, co-founder of trufyx described his expertise being a part of Crown Ventures’ inaugural cohort as “Amazing! I don’t even know the place to start out. Everything from starting to finish was unimaginable. They gave us a lot assist and helped us form the imaginative and prescient of our firm, make new connections, construct our group, and get us to some extent the place we will now run on our personal. The mentors have been all wonderful. Each of them introduced experience from their respective fields to the desk. I like to recommend this to any founder or any startup!”

“It was a one-of-a-kind expertise with a whole lot of very personalised, one-on-one mentorship tailor-made to the wants of every startup,” mentioned Yeshaya David Greenberg, co-founder of Musical Universe, about his expertise with Crown Ventures. “There’s no value you may placed on good mentorship, steerage, and relationships. It’s so useful to be a part of a fantastic cohort who you may depend on and undergo the method with. It is the chance of a lifetime! If you’re fascinated by making use of [to the next Crown Ventures cohort], don’t hesitate and simply do it, as a result of it should open up so many doorways for you and supply unimaginable insights that can get you to the subsequent degree.”

“I believe we positively want extra assist for tech startups locally and [Crown Ventures] is a good initiative to assist promote that and get issues transferring in the best route,” mentioned one attendee who works at a Venture Capital (VC) agency.

“I believe the Demo Day occasion confirmed the unimaginable expertise and innovation that’s proper below our noses within the spiritual Jewish neighborhood,” mentioned Moshe Hecht, Founder/CEO of Hatch.ai. “All it took was somebody paying consideration and discovering these alternatives. Kudos to Crown Ventures for giving the alternatives and entry to all these extremely gifted individuals!”

Yadid and Tova Herskovitz, co-founders of RapidzApp, a potential Crown Ventures startup making use of to hitch the subsequent cohort echoed the broadly held sentiment that we’d like extra funding in tech within the Jewish world. “It’s actually arduous to interrupt into the skin world’s tech bubble as a result of a whole lot of us [Orthodox Jews] didn’t go to Stanford or the opposite universities the place a lot of the future tech leaders go,” mentioned Tova.

“A variety of enterprise is about who you already know, so for those who don’t have trade connections, it may be tougher to interrupt into the ecosystem and lift capital. That’s why it’s so nice to lastly have a spot like Crown Ventures the place you may meet different individuals locally with whom you might have connections in widespread, and so they can get to know you, belief you, and listen to your concepts. This will make it simpler for startups in our neighborhood to search out funding.”

“We’re right here as a result of we’re fortunate sufficient to be small traders on this cohort,” mentioned Zach Firestone of Tiferes Ventures, a VC agency. “We’ve gotten to know these startup firms fairly effectively because of Crown Ventures and we’re extremely impressed. Crown Ventures is offering an unbelievable service for the Orthodox Startup neighborhood and the startup neighborhood at massive. All of the businesses on this cohort are world-class startups who deserved to be on that stage! I’m trying ahead to going even deeper with plenty of these firms and to taking part in future cohorts as effectively. Kudos to Crown Ventures and thanks a lot for every thing you’ve accomplished!”