HOF Capital General Information Description. Find contact's direct phone number, email address, work history, and more. 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. Learn more, Wamda is licensed under a creative commons attribution-nonCommercial - noDerivs 3.0 unported license. United States. We assist entrepreneurs in increasing their global footprint by exposing them to our diverse network of partners across the industry. Onsi Naguib Sawiris founded HOF Capital Management, LLC and Energal SRL. When we last caught up with CEO and founder Derrick Fung, Drop had recently raised its Series A from NEA. 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. Some startups in these sectors will inevitably shut down. 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. Onsi Sawiris is a Co-founder and Managing Partner at HOF Capital, where he focuses on data analytics, cloud-based technologies, and machine learning. 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. Onsi Sawiris, Managing Partner, HOF Capital. At least if I’m signing up for Drop, I know that if they’re using my data I will get something in return.” Many of the economies hit the hardest by oil prices have been among the largest LPs in recent years, so if the price wars continue and these nations scale back their investment in VC, it could have a significant impact on the ecosystem, especially at the growth stage. 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. 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. 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. Sawiris currently sits on … View Profile. Juni 1954 in Tahta, Ägypten) ist ein ägyptischer Milliardär. Dunya Hassanein 10:45 AM Showcase Pitches and Discussion. We expect certain sectors like coworking, micromobility (e.g. Past crises have inspired entrepreneurs to build new innovations, and also led to consolidation of capital and talent towards the most promising companies. 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. Onsi Sawiris works in the industry of Venture Capital & Private Equity, Finance. What is Onsi Sawiris’s role in HOF Capital? Will the pandemic kill off certain sectors as far as investment is concerned? Panu Kalmi Ph.D. Sign Up . 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. 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. Access Onsi's Contact Information . How does the pandemic affect the future of investments and where do the opportunities lie in a post-Covid-19 world? 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. We anticipate that the YoY drop-off in investment volume will be even steeper in Q2 and Q3. Is this a moment of convergence or divergence of interests between founders and VCs? 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. The number of deals has fallen as well, though not as sharply as the volume of funding, suggesting that average round sizes are shrinking. 100 11th Ave, 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. 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. 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. We show you stories worth sharing that are shaping the future of the Middle East & North Africa. 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. HOF Capital is a global venture capital firm headquartered in NYC. 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. He founded Orascom Construction in 1950. Onsi Naguib Sawiris is an American entrepreneur who founded Hof Capital, HOF Capital Management, LLC and Energal SRL. Onsi Sawiris is the patriarch of Egypt's wealthiest family. Portfolio; Team; Ethos; Blog; Careers; Portfolio; Team; Ethos; Blog; Careers; We help founders build enduring companies. Onsi Naguib Sawiris is an American entrepreneur who founded Hof Capital, HOF Capital Management, LLC and Energal SRL. Onsi has 15 jobs listed on their profile. Founded by Fady Yacoub, Hisham El Haddad, and Onsi Sawiris in 2015, HOF Capital’s portfolio includes Niantic, Epic Games, UiPath, and HeadSpin. Will “pandemic-resilience” become a criterion for investment? HOF Capital The Company invests in early stage technology companies in digital payments infrastructure, mobile platform, education, e-commerce, and online ticket booking sectors. Ihm gehört zudem ein ägyptischer Fernsehsender. View Onsi Sawiris’ profile on LinkedIn, the world’s largest professional community. Founded in 2015, HOF Capital venture capital firm headquartered in New York, New York with regional offices based in San Francisco and London. This certainly holds true for the current Covid-19 pandemic, which for the first time in modern history has caused the majority of people in affected countries to socially isolate themselves, resulting in the accelerated adoption of technologies needed to survive in such a world, such as those enabling or related to remote working, telemedicine, e-commerce, digital payments, and robot-powered delivery. Onsi Sawiris. Thank you! 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. 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. 9:45 AM Institutional LP Discussion: A Growing Appetite for VC in MENA Abbas F. (“Eddy”) Zuaiter, Managing Member, Zuaiter Capital Holdings Zineb Guessous, Managing Partner, Almena Partners Mohammad Al Duaij, CEO, Alea Global Group. The most detailed guides for Onsi Sawiris How To are provided in this page. This means that even founders who are in a position to raise successfully will need to plan to run their businesses at a lower cash burn rate. What impact will that have on the amounts that will be raised in the future? 12:10 PM Cross-Border FinTech Panel Marc … Onsi Sawiris’s peers at other companies are Bryan Colwell, Marcio Cabrera, Jordan Nof, Christopher Gaffney, Jackson Giles. 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. Sawiris entstammt einer wohlhabenden koptischen Familie. View Onsi Sawiris's business profile as Co-Founder & Managing Partner at HOF Capital. He holds the position of Chairman for Italiaonline SpA and Managing Partner at HOF Capital Management, LLC. Many of the most successful technology companies today were started or built during challenging times. Export. Please check your email to confirm your subscription. Shereen Reda - Actress. HOF Capital is a global venture capital (VC) firm founded in 2016 by three Egyptian entrepreneurs, Fady Yacoub, Onsi Sawiris and Hisham Elhaddad. With that said, we doubt that the pandemic will kill off investment in these sectors entirely. 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. Amir Ramses - Artistic Director, El Gouna Film Festival. Dr. Panu Kalmi is Professor of Economics at the University of Vaasa. Onsi Sawiris’s colleagues are Christopher Wan, Penny Chenh, Hisham Elhaddad, Karim Fattal. The 60-year old’s largest asset is a nearly six per cent stake in sportswear maker, Adidas. Dunya Hassanein. We succeed as a firm if and only if our founders achieve their missions, and a pandemic does not change this fact. HOF Capital is a technology-focused venture capital firm that helps ambitious entrepreneurs create massive, enduring businesses. HOF Capital | 2,065 followers on LinkedIn | HOF helps ambitious entrepreneurs create massive, enduring businesses. Venture capital in Africa and the Middle East had seen promising growth in the years leading up to the pandemic, with 2019 marking a watershed year for these ecosystems with Uber’s $3.2bn acquisition of Careem as well as record-setting funding volume. Only if our founders achieve their missions, and more are onsi Sawiris and Hisham Elhaddad, Fattal! 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