Background Information on Potential Partner

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Part
01

Roy Daneman (Investor Profile)

After an extensive search through personal profile websites, industry media, and company databases, the details about the activities and achievements of Roy Daneman as an investor do not appear to be available in the public domain. However, our team was able to gather valuable insights on his interests and point of view regarding his investing success.

Insights on His Work

  • Roy Daneman joined Ventures Factory in June 2019 as managing partner, after leaving his position as innovation lead at Harel Insurance and Finance after ten years.
  • According to his Crunchbase profile, in Harel Insurance and Finance, he was responsible for successfully implementing many innovative technologies that helped make the workplace more efficient.
  • During the time he was VP of innovations and incentives at Harel Insurance and Finance, they invested in the companies Innoviz Technologies, Ayala Pharmaceuticals, Biond Biologics, Enlight Renewable Energy, Foresight Autonomous Holdings, and Eccopia, more than $628.5 million between December 2017 and June 2019.
  • In February 2019, he gave an interview to Globes Co. describing the successful work he made to revolutionize the insurance market by investing in InSurtech (the interview is in Hebrew).
  • He participated in the FinTech-Aviv event to discuss the results of the Insurtech Revolution project.
  • Daneman's strategy when planning to invest in new technology begins by researching the startup-technology he wants to work with, the failures these technologies have faced, and the success they've achieved. He also meets with the startup innovators on conventions and has developed a network professionals investors and researchers.
  • Based on Daneman's Angel.co profile, his investing targets are leading startup companies and new technologies, four of which were successfully implemented by him, representing an increase of over $8 million on the company's profit.
  • Details of his personality and work are available at Crystal for a subscription fee.

Research Strategy

While we managed to provide some information about Roy Daneman's activities and achievements as an investor, and his description of his previous investing experience, we were unable to determine the specific details of these activities.

To identify his investing activities and achievements, we began by looking for his business profile and biography on LinkedIn, Crunchbase, Angel.co, and social media. Our goal was locating the investing projects he's participated in and the companies where he has had decision-making power for investments.
We noticed that he has been in charge of investments and innovations in two companies, Ventures Factory and Harel Insurance & Finance. However, his work on Ventures Factory started in June 2019, and there was little information about his achievements so far. Also, while his profiles included a general idea of his accomplishments and investments, they lacked details about the projects' names, results, date, or even the name of the company where the projects took place.

As our next step, we decided to scan the official websites of both companies, Ventures Factory and Harel Insurance & Finance, looking for any press release, official biography, historical data, or report of investments led by Roy Daneman. We found that Ventures Factory's website is very new and doesn't have a News section yet. We also found that in Harel Insurance & Finance, the press releases available dated back only two years only, while Daneman worked more than ten years in the company.
There were only four press releases/articles available which covered Harel's investments in undersea communications, a new mortgage portfolio, an insurance company acquisition, and the acquisition of a new offices building. Unfortunately, none of the articles mention Daneman's involvement in the project or the final results. Additionally, based on Daneman's profile, we can't determine if any of these related to him, as he stated he worked with startup companies and technological investments.

As our third strategy, we decided to look for articles, media coverage, or interviews in industry blogs, newspapers, online magazines, and such, to see if there was any analysis of his work or an interview where he mentioned his achievements and work. Initially, we looked in global sources and English sources like Forbes, CNBC, New York Times, etc. We also scanned the news and media coverage articles listed under Ventures Factory and Harel Insurance & Finance's Crunchbase profiles, video interviews on YouTube, and different social media sources. Once again, the information available about his activities as an investor was limited.
Then, since we noticed that a lot of his information was in Hebrew, we used advanced translation tools to look for "רועי דנמן, ראיון" (Roy Daneman, interview) on Hebrew sources, like the Globes Co. website. Most of the articles found were completely unrelated, and the only interview available with Daneman was on Hebrew audio, so we were unable to use any tool to translate it to English and determine its content, due to a language barrier.

Finally, while we were able to provide an overview of his work as an investor, we were unable to determine the details of these activities and his achievements, failures, or key relationships during them. One reason could be that as Ventures Factory is a relatively new company and job, there is not much information available yet. Another reason could be the limits due to a language barrier or Roy Daneman's interest in keeping this information private.
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Part
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Roy Daneman (Work Profile)

While there is no publicly available information about Roy Daneman focused on little known facts, successes and failures experienced in his different work environments, or key relationships he has forged, some general information is provided and an interview with Daneman (in Hebrew). Below is an outline of the research strategies to better understand why the information requested is publicly unavailable.

Useful Findings

Tel Aviv University

PwC

Harel Insurance and Finance

  • Daneman held four different positions at Harel during his 10 years: assistant controller (Jun 2009 – Mar 2011), financial controller (Mar 2011 – Aug 2014), VP of Incentives (Aug 2014 – Jun 2019), and innovation lead (Jul 2018 – Jun 2019)
  • Daneman describes his work and accomplishments at Harel, on Crunchbase, as "Outgoing and detail-oriented, proficient at building and maintaining professional relationships. Took it upon myself to bring innovation & new technologies to Harel, the leading insurance carrier in Israel, to improve workplace efficiency . . . Core belief in data driven organization philosophy, highly intrigued by machine learning, modern trends in AI and big data analysis."
  • Daneman was interviewed by Globes, a business magazine in Israel on computer technology and the insurance industry. The interview is here (in Hebrew).

Research Strategy

Our team first searched the Tel Aviv University website, including alumni publications such as the Tel Aviv University Alumni Organization and the Tel Aviv University Review to locate information. We did not find any mention of Mr. Daneman on their website or in publication. We attempted to search for professor or administrative reviews of his teaching, but could not locate any rating sites or historical articles written by or from the university staff that included him. Our hypothesis was that we might be able to learn something about Daneman's performance as a teaching assistant and whether students appreciated his work or not. We also assumed that a successful search would find some information about internships he may have done that helped him develop current professional relationship.

Research continued through the websites and news releases of the companies (PwC and Harel Insurance) Mr. Daneman worked before Ventures Factory, however, no further information specific to Daneman was identified. Our hypothesis for searching these sources was that his former companies may announce awards, innovations or other notable accomplishments. We also assumed that we would locate any information that suggested he had professional differences with the company.

Thirdly, the team searched several websites for Israeli newspapers, such as Haaretz and the Jerusalem Post, and business magazines such as Globes and YNet. The hypothesis here was similar to the one for searching his former company websites in finding information announcing his innovations, successes, awards, or any expertise he may have that is valued/sought out by the business community. We also hoped to find any information about long-term professional relationships he has leveraged over his career and any reporting on failures he may have overcome. While we were unsuccessful in finding this type of information, we did find one article in Globes, which included an interview with Daneman, in Hebrew, that sought out his unique expertise.



Part
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Part
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Roy Daneman (Persona)

Roy Daneman is an experienced CFO and accountant, and some of his interests include data analysis, machine learning, and building startups.

Personality and Attitude

Values

Interests and Lifestyle

Sources
Sources