Israel Investor Sees Virtual-World Answer for Start-Up Nation
For Israeli investor Erel Margalit, keeping the country’s start-up nation status means delving into the virtual world.
The 49-year-old entrepreneur’s $830 million Jerusalem Venture Partners is the main investor in movie studio Animation Lab.
“The new era needs to go beyond the engineering club to work with different disciplines, like King Arthur’s 12 knights at the round table, each representing a different discipline: film, Web, storytelling, medicine,” he said in an interview at his office in Jerusalem.
Margalit, whose investments include AnyClip, a service that helps movie buffs find and view their favorite film moments, says the country’s media industry could one day create a rival to Walt Disney Co.’s Pixar studios.