Bill Fox and David Gitlin join Nobska’s Board of Advisors
Stevenson, MD; May 7, 2007.
Further expanding and strengthening Israel investment focus and strategy, Nobska Ventures is very pleased to welcome
entrepreneur Bill Fox and M&A and financing attorney David Gitlin to our
Board of Advisors. They join a highly distinguished group of outstanding
business, academic, legal, and technological experts who significantly
contribute to Nobska’s investment process and acceleration of young, high
growth companies.
“Both Bill and David share Nobska’s passion for the opportunity to support
early stage technology companies and entrepreneurs in Israel and the
Mid-Atlantic USA,” said Charlie Moore, Chairman and Managing Director of
Nobska Ventures. “Fundamental to our investment strategy is our capability
to truly add value to our portfolio companies as they build their management
teams, attract first customers and channel partners, and expand globally.
Our Advisors are very important to our process as they help us vet
opportunities, recruit personnel, create strategic partnerships and mentor
entrepreneurs”.
“Bill took a family business based here in Baltimore, Michael Fox
Auctioneers, and transformed it into the international leader in industrial
auctions, GoIndustry plc, with 35 offices in 17 countries around the world
and listed on the London Stock Exchange,” continued Rob Rosenbaum, a
Managing Director of Nobska Ventures. “Bill’s personal commitment to Israel
is reflected in his many activities, such as his work with the National
Executive Committee of the America Israel Public Affairs Committee (AIPAC)
and as Chairman of State of Israel Bonds for the State of Maryland”.
“I’m very pleased to be both a new investor in the fund and an Advisor to
Nobska,” shared Bill Fox. “We believe that there is a terrific opportunity
to generate outstanding returns investing in young technology companies from
Israel and I hope to contribute to Nobska’s value-added process.”
“We’ve had the opportunity to work closely with David and his colleagues at
Wolf Block in Philadelphia and Washington, as they have represented us in
our fund’s first two companies in Israel, ClassifEye and Innovea Medical,
and counseled a 3rd portfolio company, US based Telecontinuity” stated Dr.
Ari Tuchman, a Nobska Managing Director. “David is very active in Israel in
acquisitions, technology licensing, and venture financing. In 2005, he
received parallel citations from the mayors of Tel-Aviv and Philadelphia for
‘exceptional accomplishments in developing business opportunities for
Israeli companies in the United States’. He is also President of the
America-Israel Chamber of Commerce, Delaware Valley Chapter, dedicated to
promoting investment and trade between the United States and Israel.”
“There is a very serious shortage of early stage venture capital firms in
both Israel and the Mid-Atlantic,’ according to David Gitlin. “Particularly
firms like Nobska which bring much more than just capital to their
companies. Entrepreneurs need much more than just money and the team at
Nobska bring extensive operational experience and global connections. My
firm has a deep commitment to both Israel and our local region and we’re
very excited to support Nobska’s emergence as a top tier venture firm.”