Investors
Igal Lichtman
Mr. Lichtman was the founder, chairman and CEO of Magic Solutions International, a software company provding help desk & asset management solutions, with 300+ employees and annual sales over $50MM. In 1996 and 1997, Magic Solutions was among INC 500's fastest growing companies in the United States, and in April 1998 was acquired by Network Associates Inc. (NETA) (formerly McAfee Associates) for over $110MM.
Prior to Magic Solutions, Mr. Lichtman founded a prosperous Computer/LAN VAR business that achieved recognition among the top 100 LAN VAR's in the United States in 1986-1988. In 1996, Mr. Lichtman was awarded the Ernst & Young Entrepreneur of the Year® Award for New Jersey in the Software category.
He was an early startup investor and ex-Board member of Quigo Technologies, which was acquired by AOL for over $350MM in 2007. Other investments include: .TV Corp. acquired by Verisign for over $100MM in 2002, Keylime Software acquired by Overture (Yahoo) for $10MM in 2003, and Comet Systems acquired by FindWhat (MIVA) for $20MM in 2004
Currently, he is an active partner in DomainSpa.com involved in internet advertising and virtual real estate.
Mr. Lichtmans philanthropic work includes Friends of the Israel Defense Forces (FIDF http://www.israelsoldiers.org) and the endowment of a young entrepreneurs wing (www.StartupSeeds.com) at MadaTech, the Israel National Museum of Science (http://www.MadaTech.org.il)
Mr. Lichtman has held various positions as both an engineer and a programmer; he is also a former officer of the Israeli Air Force. He earned a Bachelors of Science in Electrical Engineering from the Technion (the Israeli Institute of Technology).
John F. Frankel
John F. Frankel, founder of ff Asset Management LLC, has been an early stage venture investor for the past eight years, with a broad portfolio of investments.He has worked closely with entrepreneurs in a variety of fields and has experience advising start-ups.
Mr. Frankel started his business career with Arthur Anderson & Co. in the audit and insolvency divisions. He spent the following twenty one years at Goldman, Sachs & Co. in a variety of roles that involved technology development, reengineering, and capital markets.
His primary focus is helping early stage companies deploy lightweight disruptive business models to become the low cost player in their respective market. Mr. Frankel was a board director of Quigo Technologies, Inc. which was purchased by AOL in December 2007.
Mr. Frankel earned a MA from New College, Oxford where he studied Mathematics, Philosophy and Logic, and is a Fellow Chartered Accountant of the Institute of Chartered Accountants in England and Wales.