Report: Crowdfunding Platform OurCrowd Reaffirms Expectation to Top $1 Billion this Year

OurCrowd is one of the largest crowdfunding platforms in the world and, perhaps, the largest early stage platform globally by now. The five year old firm has quickly gone from zero to nearly $1 billion in capital raised with the expectation to surpass the billion dollar mark at some point in 2018.

Recently, OurCrowd CEO and founder Jon Medved visited with SkyNews in Australia to update on their progress. Medved explained their approach of providing access to the venture capital access class to a far wider audience. You can’t pick up the phone and call Sequoia Capital if you are a smaller investor. Medved said the most exciting news is the fact OurCrowd now has had 20 exits from their portfolio companies. One of the more recent exits was with Jump, a company in the bike sharing space that was sold to Uber and Invertex that Nike bought. OurCrowd’s success means that it is adding about 500 global investors each month.

Tech is the flavor of the decade.

Medved says that traditional industries (like banking, insurance, mining and more) are running scared for good reason. Technology is disrupting a plethora of traditional businesses which are under “constant and potentially fatal assault.” As a survival strategy, traditional firms either need to invest or buy more agile tech firms before its too late.

[clickToTweet tweet=”Technology is disrupting a plethora of traditional businesses which are under ‘constant and potentially fatal assault.’ #Crowdfunding” quote=”Technology is disrupting a plethora of traditional businesses which are under ‘constant and potentially fatal assault.’ #Crowdfunding”]

Medved also shares insight as to why Israel has become such a hotspot for innovation which is due, in part, to the acceptance of failure. Medved notes that Israel invests an astounding 30X per capita in startups compared to Australia. This is not because Australia is a laggard, because it is not, it just that Israel in the midst of an incredible period of entrepreneurship.

“If you are an investor, and you wait for these tech companies to go public you have waited too long.” Medved affirmed. “We are trying to advocate to invest before a company goes public.”

You can watch the interview here.

[clickToTweet tweet=”‘If you are an investor, and you wait for these tech companies to go public you have waited too long.’ #Crowdfunding @Ourcrowd” quote=”‘If you are an investor, and you wait for these tech companies to go public you have waited too long.’ #Crowdfunding @Ourcrowd”]

 

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