Genesis Partners Ltd. is a team of committed and talented professionals that have extensive experience in technology, investing, and entrepreneurship. Genesis partners builds long-term partnerships with entrepreneurs whose vision, passion, integrity, and execution skills build market leaders. Genesis Partners focus on seed and early stage investments in the information and communication technology (ICT) sectors. In this Wall Street View, our host spoke with Jonathan Saacks, Managing Partner of Genesis Partners at The Israel Conference 2014 in Los Angeles, CA.
Mr. Saacks was a speaker for the conferences and goes into what he discussed, “I chaired a panel on cybersecurity. Cybersecurity is a fascinating area that’s gaining a lot of traction lately because of the challenges it faces and because of the opportunities that we as venture capitalist investors see in the area.” When asked what the three things he looks for in a cybersecurity company, he responds, “Three things I look for in any company is the strength of the team, the strength of the technology and the product and that they are addressing.”
While most successful companies create products that will tackle a need in the future, Mr. Saacks explains that in cybersecurity companies, “the need and the threats are constant because the attackers, the hackers are constantly finding ways to penetrate whoever they’re trying to penetrate. So these are needs that are constant, we’re constantly under threat and the methods needed, the solutions needed to address these threats and to combat them are many and unfortunately that’s the way of the world. In cybersecurity, we’re constanly under these threats and the startups are looking for ways, usually very deep technology and ways to address these threats that will be implemented in a few years.”
He explains that the world of cyber defenses has completely changed over the years. Before securities were set up around the perimeter to stop attacks, but now since everyone is connected it is impossible to prevent all penetrations. Companies are now developing new strategies to not just defend, but also to find and eliminate these threats. For more information, check out their website: www.GenesisPartners.com
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