At least if I’m signing up for Drop, I know that if they’re using my data I will get something in return.” Yacoub: Challenging times inevitably bring new problems that need to be solved, leading to the creation of new market opportunities and the accelerated growth of some existing ones. Onsi Naguib Sawiris is Co-Founder & Managing Partner at HOF Capital, Inc. View Onsi Naguib Sawiris’s professional profile on Relationship Science, the database of decision makers. Onsi Sawiris Co-Founder & Managing Partner Onsi Sawiris Co-Founder & Managing Partner Onsi Sawiris is a Co-Founder and Managing Partner at HOF... Sawiris Foundation for Social Development. It is likely that by the time this pandemic finally ends and the global economy begins to recover, these markets and others will have significantly consolidated. 12:10 PM Cross-Border FinTech Panel Marc … HOF Capital GGI Fund, L.P. /s/ Onsi Sawiris: Onsi Sawiris : Managing Director and Director: 2016-01-19: HOF Capital GGI Fund (Cayman), L.P. /s/ Onsi Sawiris: Onsi Sawiris: Managing Director and Director: 2016-01-19: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. HOF Capital, the global venture firm focused on transformative technologies, has raised $26M for its Capital Growth Opportunity IX fund according to a recent SEC filing. HOF Capital The Company invests in early stage technology companies in digital payments infrastructure, mobile platform, education, e-commerce, and online ticket booking sectors. 10:45 AM Showcase Pitches and Discussion. We expect certain sectors like coworking, micromobility (e.g. A FOUNDERSMEDIA Company | WAYA Media is an independent media and entertainment company that reports on the people and stories shaping the future of the Middle East. Onsi Naguib Sawiris founded HOF Capital Management, LLC and Energal SRL. In the post-Covid-19 world, the startups that are able to survive and grow will likely find themselves with greater pricing power than before and an even higher proportion of the best talent in the industry, enabling them to become even more successful than they would have been in a pre-Covid-19 world. Professor of Economics. Onsi Sawiris, the family patriarch, got it all started in the 1950s. Founders who are perceived as overly lax or generous may find that they have a much harder time fundraising than they did in the bull market. Elhaddad: Companies with unprofitable unit economics are likely to struggle most severely, since these companies may find that follow-on funding is unavailable when next they need it. Previously, Onsi was the Board Member at Italiaonline S.p.A and also held positions at Anapua FM... Read More, Profiles With a Similar Job Title And Industry, Profiles With a Similar Job Title And Location. Access Onsi's Contact Information . Therefore, while VCs in these regions should proceed cautiously, they may be less likely to experience down rounds and write-offs than those in other regions. Onsi Sawiris’s peers at other companies are Bryan Colwell, Marcio Cabrera, Jordan Nof, Christopher Gaffney, Jackson Giles. Sawiris, the youngest of Onsi Sawiris sons ― Naguib and Samih ― moved up from the fourth spot in 2019 to the second spot in 2021 with a 13.3 per cent increase in his wealth. We anticipate that the YoY drop-off in investment volume will be even steeper in Q2 and Q3. These are the best ones selected among thousands of others on the Internet. Will the pandemic kill off certain sectors as far as investment is concerned? Dunya Hassanein. As such, while startups and VCs in Africa and the Middle East will feel the negative impact of this pandemic, these ecosystems have tailwinds and new capital inflows that may cancel out the virus’ consequences to some extent. Onsi Sawiris, managing partner, HOF Capital, lead investor on the Series B investment round: “I’m a Facebook user and an Instagram user, and these guys are just monetizing my data left and right, without much transparency. Our seed and growth funds focus on tech-based startups; with a special focus on businesses that have an international expansion potential. Our Partners. Will “pandemic-resilience” become a criterion for investment? In addition, the Royal Bank of Canada joined the round as a strategic investor. Nassef Sawiris of Egypt is the second richest person in Africa with a net worth of $8.5bn. Sign Up . Information without innovation is just data, Onsi Sawiris’s role in HOF Capital is Co-Founder & Managing Partner, Onsi Sawiris’s email address is o***@hof.capital, Onsi Sawiris’s business email address is o***@hof.capital, Onsi Sawiris’s HQ phone number is (646) 503-5030, Onsi Sawiris’s latest education in BSc - Mechanical Engineering at Massachusetts Institute of Technology. In addition, we expect that investors will prioritise startups that do not require any large gatherings and minimal in-person interaction to execute their business models. In this interview, the three co-founders share their thoughts on the impact of Covid-19 on the investment landscape in the Middle East and North Africa (Mena). Please check your email to confirm your subscription. Even after this pandemic has passed, it is likely that many of these resulting changes to society will persist and that many of the organisations and people who started using these technologies for the first time will continue using them. Onsi Sawiris is the Co-Founder & Managing Partner at HOF Capital based in New York City, New York. We seek to invest in founders with the ambition to build category-leading businesses in large, fast-growing markets. 100 11th Ave, Email Finder Top Companies Company Search People Search Solutions About Us. Is this a moment of convergence or divergence of interests between founders and VCs? Founders Fady Yacoub, Hisham Elhaddad, Onsi Sawiris; Operating Status Active; Hub Tags Crunchbase Venture Program Investor Type Entrepreneurship Program Investment Stage Early Stage Venture, Initial Coin Offering, Late Stage Venture, Secondary Market, Seed, Venture Number of Exits 1; Contact Email nyc@hof.capital; Phone Number (646) 503-5030; HOF Capital is a venture capital … Juni 1954 in Tahta, Ägypten) ist ein ägyptischer Milliardär. Seine Familie baute das Ferienresort Al-Guna n… New York City, New York, 10011, Many investors fear that even after lockdowns are relaxed, consumers will shy-away from public gatherings for the next few years in order to protect their health. Founded in 2015, HOF Capital venture capital firm headquartered in New York, New York with regional offices based in San Francisco and London. Sawiris currently sits on … View Profile. One positive for startups that can successfully raise is that challenging times also lead to less competition. What is Onsi Sawiris’s role in HOF Capital? He holds the position of Chairman of Italiaonline SpA and Managing Partner at HOF Capital Management, LLC. Cherine T. Magora - Head of Strategic Partnership, Middle East, Africa & Pakistan, TikTok Mr. Sawiris … HOF Capital | 2,065 followers on LinkedIn | HOF helps ambitious entrepreneurs create massive, enduring businesses. scooters), physical retail, and travel/hospitality to be most impacted, since these businesses tend to be capital-intensive, have low gross margins, and are heavily affected by social distancing measures. Find contact's direct phone number, email address, work history, and more. Onsi Sawiris works in the industry of Venture Capital & Private Equity, Finance. While blitzscaling and growth at all costs have been the mantra of many Silicon Valley investors in recent years, in the current environment, having a  higher-than-necessary cash burn is a risk that founders should make every effort to avoid. He holds the position of Chairman for Italiaonline SpA and Managing Partner at HOF Capital Management, LLC. Sein Vater Onsi Sawiris begründete 1972 das Unternehmen Orascom.Seine älteren Brüder sind Naguib Sawiris (* 1954) und Samih Sawiris (* 1957). Those offers have now led to a big offer from VCs, to the tune of a $44 million Series B round of capital led by Onsi Sawiris of HOF Capital. WAYA | 1.886 følgere på LinkedIn. Yacoub, an Egyptian, teamed up with compatriots Onsi Sawiris and Hisham Elhaddad to found HOF Capital in 2016. What impact will that have on the amounts that will be raised in the future? United States. Who are Onsi Sawiris’s peers at other companies? How does the pandemic affect the future of investments and where do the opportunities lie in a post-Covid-19 world? View Onsi Sawiris’ profile on LinkedIn, the world’s largest professional community. We succeed as a firm if and only if our founders achieve their missions, and a pandemic does not change this fact. Mastercard in NYC. Onsi Sawiris is the patriarch of Egypt's wealthiest family. Onsi Sawiris is a Co-Founder and Managing Partner at HOF Capital, where he focuses on cloud-based technologies, fintech and enterprise SaaS. HOF Capital is a technology venture capital firm. Sawiris: Despite the obvious challenges that this pandemic poses towards the broader economy and technology industry, it is not all bad news for startup founders and venture capitalists. The number of deals has fallen as well, though not as sharply as the volume of funding, suggesting that average round sizes are shrinking. investment volume fell by around 8 per cent, Access Bridge Ventures launches with first close of its $25 million fund, Corporates in Mena: From competitors to investors. HOF Capital is a global venture capital (VC) firm founded in 2016 by three Egyptian entrepreneurs, Fady Yacoub, Onsi Sawiris and Hisham Elhaddad. We look at over 2,000 companies annually to identify approximately 10 companies with the highest possible potential. Sawiris, the youngest of Onsi Sawiris sons ― Naguib and Samih ― moved up from the fourth spot in 2019 to the second spot in 2021 with a 13.3 per cent increase in his wealth. Founded by Fady Yacoub, Hisham El Haddad, and Onsi Sawiris in 2015, HOF Capital’s portfolio includes Niantic, Epic Games, UiPath, and HeadSpin. What do you think is the impact of the Covid-19 outbreak on VCs, especially those in Mena? The 60-year old’s largest asset is a nearly six per cent stake in sportswear maker, Adidas. Sign up to receive our weekly digest of stories, op-eds, events and more updates. Own your online presence by claiming your ZoomInfo profile, 100 11th Ave, New York City, New York, 10011, United States. Nardine Farag - TV Presenter and Actress. Onsi Naguib Sawiris is an American entrepreneur who founded Hof Capital, HOF Capital Management, LLC and Energal SRL. Shereen Reda - Actress. He sits on the boards of ItaliaOnline (BIT:IOL), Voltaire Capital, Digital World Capital, Mach Music, World Capital Services, DADA (BIT:DA), and is a Board Observer at Orascom TMT Investments. We expect that this pandemic will be no exception. With that said, we doubt that the pandemic will kill off investment in these sectors entirely. His sons Nassef and Naguib are also billionaires. Author: We assist entrepreneurs in increasing their global footprint by exposing them to our diverse network of partners across the industry. Ihm gehört zudem ein ägyptischer Fernsehsender. Nassef Sawiris (arabisch ناصف ساويرس, DMG Nāṣif Sāwīris; * 1961) ist ein belgischer Unternehmer ägyptischer Herkunft.. Leben. Chairman Onsi Sawiris, the son of business mogul Naguib Sawiris, has an extensive record of his own in business, having worked as executive partner in HOF Capital, where he gained much experience in new technologies, including cloud computing and financial technology. We actively support our portfolio companies by helping them secure revenue-generating partnerships with our LPs. Co-Founder & Managing Partner at HOF Capital. Sawiris: Fundamentally, we believe that our interests at HOF are as aligned with founders as they have ever been. Yacoub: Pandemic-resilience will become a criterion in the sense that investors will now be even more focused on investing in founders who are capable of fending off threats to the company by any means necessary. When we last caught up with CEO and founder Derrick Fung, Drop had recently raised its Series A from NEA. Export. Share . We do caution founders that in a more austere fundraising environment, they should expect to see some VCs offer term-sheets with more aggressive anti-dilution and liquidation preference clauses, and that they should think carefully about the potential long-term implications of these terms before accepting offers. We show you stories worth sharing that are shaping the future of the Middle East & North Africa. What kind of pressure will that put on founders? Past crises have inspired entrepreneurs to build new innovations, and also led to consolidation of capital and talent towards the most promising companies. He started out in agriculture, before switching to construction and becoming one of the country’s largest contractors. HOF Capital is a global technology investment firm that leverages its global limited partner network to help founders build massive businesses. HOF Capital is a technology-focused venture capital firm that helps ambitious entrepreneurs create massive, enduring businesses. Founded in 2015 by Fady Yacoub, Hisham Elhaddad, and Onsi Sawiris, HOF Capital has invested in companies like UiPath, Honest, and Uber. HOF Capital is a global venture capital (VC) firm founded in 2016 by three Egyptian entrepreneurs, Fady Yacoub, Onsi Sawiris and Hisham Elhaddad. Sawiris currently sits on the boards of Drop Technologies, ItaliaOnline, Riverbank, OPTii Solutions, Mach Music, and is a Board Observer at Orascom TMT Investments. In contrast, challenging times usually lead to market consolidation, followed by increased pricing power, stronger financial performance, and higher concentration of the best talent among surviving companies. Panu Kalmi Ph.D. Portfolio; Team; Ethos; Blog; Careers; Portfolio; Team; Ethos; Blog; Careers; We help founders build enduring companies. Onsi Sawiris, Managing Partner, HOF Capital. Sawiris: In the post-Covid-19 world, VCs will no longer be able to achieve superior returns through a momentum investing strategy, and will instead need to diligently search for investment opportunities that have asymmetric risk-reward profiles, many of which may be non-consensus bets. It focuses its investments on nascent technologies that have the potential to solve big societal problems and counts Uber and Alibaba among its portfolio of investments. Too much competition in a given market usually leads to market fragmentation, followed by price wars, compressed margins for all players, and dispersion of the best talent among too many companies. Onsi has 15 jobs listed on their profile. Hence, the startup founders that can quickly adapt to this challenging time and solve the new problems that have arisen will likely find themselves building the next generation of category-leading businesses. Yacoub: Founders will need to be more conscious than ever to maintain a reasonable cash burn, and if possible, achieve profitability. Wamda accelerates entrepreneurship ecosystems throughout the Mena region by joining Wamda’s multi-stage, sector-agnostic investment vehicle, focused on partnering with high growth technology or technology-enabled startups, as well as the leading knowledge platform offering integrated programmes including thought leadership and research, community development, Wamda’s fellowship programme Wamda X, as well as corporate and government advisory services to the various stakeholders of the Mena startup ecosystem. Er ist Vorstandsvorsitzender und größter Aktionär des ägyptischen Mobilfunkunternehmens Orascom TMT, das in mehreren Staaten Afrikas, des Nahen Ostens sowie in Südkorea tätig ist. Focus on onsi sawiris hof capital startups ; with a net worth of $ 8.5bn juni 1954 in Tahta Ägypten. Phone number, email address, work history, and also led to consolidation Capital... Drop-Off in investment volume will be even steeper in Q2 and Q3 founded HOF.! 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