Hexa hosted an EMEA Group Outreach Event for The Khronos Group which was filled with mind-blowing statistics, interesting advice from thinkers in this space, and expectations of what the future holds.
You can check out the entire event here, and we’ve pulled together what we have learned from each panel respectively.
First up, it’s the First Israeli XR Entrepreneurs panel, made up of:
This panel focused on the magic behind the success of Israeli tech. These thought leaders shared anecdotes from their own experiences about what it takes to raise the most in a seed round to the ingredients needed to be acquired by a global player.
Did you know that there are 5.2 unicorns per million people in Israel? The next closest country is Singapore with 1.8, followed by the United States with 1. This high volume of tech startups and ingenious ideas has contributed to Israel being heralded as “the Startup Nation,” which is filled with leaders like those on this panel who shared their words of wisdom.
When talking about what it takes to be acquired, Itamar Friedman shares what helped to set VisuaLead apart. He noted that there are two main components needed to convey a technology’s value to a buyer in both the short-term and long-term, namely:
- The ability to build trust (through the sharing of personal stories)
- The repetition of important information (even more than twice)
Tomer Kahan, who raised the largest seed round in Israel to date and later sold his startup to the Alibaba Group, added how he was able to accomplish this feat. Firstly, it begins by building a strong team. Secondly, it’s imperative to build investor confidence in the product’s ability to solve pain points. Seems easier said than done, right?
To make sure you accomplish the second step, you must be able to clearly identify the product’s use case. Then, you must also reduce the learning curve for users. Combined, these two points will ensure that the product is both adoptable and scalable (which are the two main challenges that every startup will face).
Watch the complete panel below:
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