Mr. Dov Moran

Dov is serving Grove ventures as its managing partner and is involved heavily in most of the companies in the portfolio. Dov is an Israeli entrepreneur, inventor and investor, best-known as the inventor of the USB Flash Drive (DiskOnKey). He served in the Israeli Navy for eight and half years and was commander of its microprocessor department.

Prior to becoming an entrepreneur, Moran was an independent consultant in the computer industry. In 1989 he formed M-Systems (NSDQ: FLSH), a pioneer in the flash data storage market. The company invented the USB Flash Drive, the FlashDisk as well as other innovative flash data storage devices. Under Moran’s leadership, M-Systems grew to $1B revenue within 18 years, and at the end of 2006, it was acquired by SanDisk Corp (NSDQ: SNDK) for $1.6B. This still ranks as one of the single biggest acquisitions in Israel.

After the sale of M-Systems, Moran founded modu, an innovative company with a revolutionary modular phone concept, whose patents and technology were eventually acquired by Google in 2011. These patents are the basis for Google’s modular phone Project Ara.

During his time at modu, Dov was also the chairman of Tower Semiconductor (NASDAQ: TSEM), a developer and manufacturer of semiconductors and integrated circuits for the electronics industry. During his tenure, Tower went from almost reaching bankruptcy to a successful company while redefining its strategy, doubling its revenues from $250M to $500M, restructuring the company’s $400M debt and performing the successful acquisition of US-based Jazz semiconductor. Moran was also chairman of Biomas, a developer of innovative pharmaceuticals and the chairman of Comigo, which offers a unique multi-screen platform for Pay TV operators. He established a few more companies and was the seed investor of few others, until he established Grove Ventures with Lotan and Sigalit.

In the course of his entrepreneurial work, Moran holds over 40 technology related patents and has received multiple industry awards: Entrepreneur of the Year by Ernst & Young, and “CEO of the Year” by the IMC. (2003), Entrepreneur of the Year by the IVA (Israel Venture Association) (2007), first Korean “Grammy Award” Winner in Best Engineering Category by the Ministry of Knowledge Economy and the Korea Institute for Advancement of Technology (KIAT) (2012),  the prestigious Edward Rheine Award for inventing the USB Flash Drive (2012), “Doctor Honoris Causa” at Moscow State Technical University of Radio Engineering, Electronics and Automation (2013),  the IEEE Reynold B. Johnson Information Storage Systems Award for pioneering contributions to storage systems based on Flash memory (2015).  “Doctor Honoris Causa” from the Technion (2016), Life time award from the Flash Memory Summit (2018) and few more.

He earned a Bachelor of Science degree in Electrical Engineering (with honors) at the Technion, Israel Institute of Technology, in Haifa.

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Mr. François de Gaspé Beaubien

Mr. François de Gaspé Beaubien obtained a BA with honours from Haverford College before earning an MBA with distinction at Harvard Business School in 1989. Because of his strong academic performance, he was recruited by the Phi Beta Kappa fraternity, one of the oldest and most prestigious academic honour societies in the United States.

After concluding his studies, François rose up the publishing ranks from publisher of New England Monthly magazine to eventually become President of Telemedia Publishing, Canada’s largest consumer magazine company at the time with titles ranging from TV Guide to Elle magazine. He and his team turned the organization from losses to the most profitable publishing group in Canada and he then sold that division in 2000.  He and his brother oversaw the expansion of their radio division as co-CEOs to become Canada’s largest radio broadcaster, Telemedia, which they then sold in 2002.  In 2003, François acquired Zoom Media, an indoor advertising company. Since he became CEO, the company has experienced tremendous growth (and focus), digitally entertaining and educating over 35 million fitness members every month across all of Canada, the USA, and the United Kingdom.  He is the sole owner of Zoom.

The businessman is also the co-Founder and Executive Chairman of Hivestack, a global company that allows advertisers to target custom audiences digitally, based on physical world behaviors (combining the engagement of mobile devices with digital billboards). François recently sold Ayuda Media Systems, a software company utilized across 22 countries for its billboard management systems of which he was the Executive Chairman of the board.  He is very involved in the industry and serves as Chairman of the board of the Digital Place Based Advertising Association (DPAA), a world wide initiative based out of NYC seeking to foster the growth of Digital Out Of Home (DOOH) media by bringing together market participants (media owners and tech suppliers) and educating marketers.

He has consistently invested in the majority of his brother’s businesses and considers him to be his best friend (as well as business partner).

Francois is divorced and his two adorable teenage daughters (13 and 14) chose to live with him full time (and keep him on this toes).

 

 

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Mr. Sylvan Adams

Sylvan Adams, a Canadian-born businessman, philanthropist and amateur cycling champion, made Aliya, immigrating to Israel in 2016. Adams previously served as CEO of the Montreal-based real estate firm Iberville Developments, and was the sole shareholder of Summit International Bank.

Since immigrating to Israel, Sylvan has devoted himself to serving his adopted country – His business card reads: “Self-appointed Ambassador at large for the State of Israel”. Sylvan is the only Israeli member of the Giving Pledge, an organization established by Warren Buffet together with Bill and Melinda Gates for wealthy people who commit, as signatories of the Pledge, to giving away the majority of their wealth to philanthropic pursuits.

Sylvan’s philanthropic investments are focused on two themes:

  1. Promotion of Israel both abroad and internally, through innovative, non-polemical means, such as sport and cultural activities.
  2. Promotion of Jewish identity in the diaspora, or as he likes to call it “ensuring Jewish grandchildren”.

Sylvan made the largest gift ever to a Faculty of Education in Canada to McGill University.

Additionally, Sylvan is a Governor and Vice-Chair of Tel Aviv University (TAU), and a member of the cabinet of TAU’s Global Campaign.

Sylvan’s tagline, when asked what his next project will be is “JUST. GETTING. STARTED.”

 

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Mr. Philippe III de Gaspé Beaubien

“I was raised with a respect for education, public service, and commerce. To leave the world a better place. To contribute to society in politics or business or literature. To make a difference.”

Education: Harvard MBA, Wharton School of Business Investment Analyst Program

Core strengths

  • Holds close ties to local, provincial and federal governments in Canada, one of the world’s most stable and entrepreneurial business environments
  • Identifies trends and opportunities well ahead of the mainstream
  • Successfully commercializes undervalued businesses and products
  • Develops niche strategies to allow B2B companies to dominate their industry
  • Possesses considerable experience in navigating diverse industries and volatile markets

Background

Family and roots matter greatly. The de Gaspé Beaubien clan has over 400 years of developing business and contributing to society in both Canada and the United States. De Gaspé Beaubiens were not only among the earliest inhabitants of Quebec City and Montreal, they were also present at the founding of Detroit and Chicago, with others extending the family name to the Midwest and down to New Mexico.

Successive generations of the family have started diverse businesses, while also serving social causes through philanthropic endeavors. Philippe’s mother Nan-b has served as director for a number of large corporations, and is a family enterprise expert. His father, Philippe II, has held a number of high-profile roles, including as the Operations Director behind the hugely successful Expo 67 in Montreal, still considered one of the greatest world fairs.

Connections

As President and CEO of the de Gaspé Beaubien Foundation, and through his travels and participation in various global organizations, Philippe has developed an extensive network of families, foundations and private trusts around the world – gaining access and partnerships for his companies in new markets around the world.
He has close ties to the local, provincial and federal governments in Canada. Obtaining financial and political support is one of his key strengths. His family obtained the first cellular license for Canada and the cellular company they created subsequently became the largest in the country. They also acquired the first satellite broadcasting license to distribute content to Canadian communities, and 10 years later received 1G of spectrum for commercial development, the largest amount of spectrum ever given to the private sector.

Vision

Starting or acquiring companies before they become mainstream, Philippe has had a direct hand in areas as diverse as cellular phones and towers, radio station consolidation, broadband wireless expansion, spirits, data mining and anti-aging products companies. His investments span these industries and more, including Zoom, Biomod, Nannette de Gaspé, SonoFit, EERS, PUR, Starlink, Jobbook, and TechTown. <add hyperlinks to each, but not if this will only appear as a paper document.

He develops niche strategies for B2B companies that allow them to dominate their industry, with added forays into the B2C market where attractive opportunities exist.

Instincts

Philippe is an accomplished entrepreneur and has been involved in 15 start-ups and turn-arounds over the past 20 years. He understands entrepreneurs, embraces technology, and is highly aware of the need for sufficient funding at the growth stage. He is accomplished at finding companies that possess a key product but have not been able to commercialize it effectively.

He rates these areas of the Canadian business environment as being particularly attractive for growth and investment potential: Pharma, ICT, Wellcare, FinTech, Agri-Food and Cleantech.

Experience

On top of his many successful ventures, Philippe has lived through several significant industry collapses in the last 17 years. He navigated his investments through the dotcom and telecom collapses of the early 2000’s and the debt crisis of 2008-09, suffering inevitable losses but also managing to multiply his ROI on a number of occasions.

Notable successes include his move to privatize Telemedia, a multimedia company, producing a 15X ROI, and his founding of Redline, a telecom company now operating in 60 countries and considerable upside.

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