Lightspeed-Gemini Internet Lab (LGiLab) launches with French TechCrunch Editor as General Manager

Blogging buddy Ouriel Ohayon, the Editor of the French version of TechCrunch and former ICQ Business Development director, has been appointed General Manager of a new seed stage Israeli investment vehicle, the Lightspeed-Gemini Internet Lab (LGiLab). The Lab is located in Herzliya (the Israeli equivalent of Palo Alto), and has appointed the former CEO of Shopping.com, Dan Ciporin, as Chairman.

Two well known VC firms, Gemini Israel Funds and LightSpeed Venture Partners, are funding the operations of the Lab and will be providing the capital to seed finance these companies. Their goal, I assume, is to efficiently support the development of a few projects in their initial phases, and figure out which ones make sense to invest in as VC deals. And they will be able to do so at a tiny fraction of the cost of Web 1.0 incubators that burnt through hundreds of millions of dollars.

Congratulations to Ouriel, and looking forward to hearing about what’s cooking in the Lab (on a forthcoming blog I would assume) ? Yet another proof that a great blog can help contribute to creating very interesting (career) opportunities.

 


  • http://ouriel.typepad.com ouriel

    thanks jeff. we look forward too :)

  • http://ouriel.typepad.com/myblog/2006/05/dan_ciporin_wil.html MYBLOG by Ouriel

    Dan Ciporin will work with me on investing in new internet startup

    Today was announced my nominationa bit everywhere in the VC / High Tech press (and now this is truely official). Most importantlyDan Ciporin was appointed Chairman of the Internet Lab of LightSpeed Venture Partnersand Gemini Israel funds(Jeff Clavier t…

  • http://coheda.typepad.com/israel/2006/05/dan_ciporin_our.html Israel Venture Capital 2.0

    Dan Ciporin

    Today, we (Gemini Lightspeed) announced that Dan Ciporin will be the chairman of the Lightspeed-Gemini Internet Lab (LGiLab). In addition, Ouriel Ohayon will be the full-time General Manager, while maintaining his position as the editor of Techcrunch.f…

  • http://taliaben.typepad.com/israeli_vc_on_sand_hill_r/2006/05/lgilab_dan_cipo.html Israeli VC on Sand Hill road

    LgiLab – Dan Ciporin and Ouriel Ohayon join the Lightspeed Gemini Internet Lab

    LgiLab is gaining momentum! We announced today that Dan Ciporin (former CEO of Shopping.com) joined as the lab’s Chairman, and Ouriel Ohayon (Internet wiz and Techcrunch.fr editor) as the lab’s General Manager. This is very exciting news for us (Gemini