What makes a startup culture--and is Israel exceptional when it comes into transforming ideas into reality? Come join PICZ for an open discussion with Jacob Ner-David, one of the world's leading hi-tech entrepreneurs and VCs. Jacob is the Managing Partner of Jerusalem Capital I, LP, which is expanding the venture backed tech economy in Israel by going beyond core technology to "Technology Enabled Services." Jacob has been a successful serial entrepreneur for more than a decade, creating billions of dollars in shareholder value. In 2004 Jacob joined, as a founding member, the Aspen Institute Middle East Strategy Group. In the late 1980s and early 90s Jacob was deeply involved in a number of international political issues, traveling to over 20 countries, meeting with Prime Ministers, Presidents, and other senior political and communal figures. Jacob served on the executive of the World Jewish Congress and the World Union of Jewish Students. Jacob serves on the International Council of the Jerusalem Foundation and the New Israel Fund.

1. June 2007 Private and Confidential This is not a solicitation or offer of securities Jerusalem Technology Park • Building 8, Floor 3 • Jerusalem, Israel Office: +972-2-648-3072 [email_address]

2. Israel Then

3. Israel of Today

10. Investment Focus: Technology-Enabled Services Media & Entertainment Business & Consumer Infrastructure Communications

11. Your Daily Dose of Israeli Technology What time is it? Time for a dose of Israeli Technology

12. Personal Computers Chip Manufacturing PCB Inspection Notebook-Centrino Desktop-Pentium

13. Telephony VOIP Voice Mail Call Centers Billing Cordless Phone CellPhone

14. Consumer Electronics Compression CableTV Satellite TV LCD/Plasma DVD Flash Memory

15. Portfolio