Itay Sagie, Co-founder at VCforU.com, has made the 40under40 list of entrepreneurs by IESE Business School. Selected from over 46,000 alumni across 129 countries. Through its Entrepreneurship and Innovation Center (EIC), IESE launched the “IESE 40under40” program, selecting 40 alumni under 40 who have excelled in the development of new businesses.
These 40 projects have allowed the creation of 2,197 jobs in 12 countries, from 4 continents, receiving € 544 million in external investment, and generating € 251 million in annual revenue for the economy. Half of these start-ups were born during the last 5 years, and 17% of them began their activity by bootstrapping, without using external investment.
The selection of the “IESE 40under40” was done by a jury of international experts, based on a rigorous analysis of the projects, especially their impact on society in terms of social contribution and job creation, in addition to the growth and the level of innovation, among other criteria.
Photo from the award ceremony held Nov 28th, 2017 in Barcelona. Itay is on the bottom row, 3rd from the left.
The jury was composed of national and international experts in the development of new business projects, such as Lucas Carné, Co-Founder of Privalia; Brian Cohen, Founding Partner and President of New York Venture Angels; Jonathan Moules, Journalist specialized in entrepreneurship at the Financial Times; Pedro Nueno, Emeritus Professor of Entrepreneurship at IESE; Raimundo Sala, General Manager of PayPal and Ignasi Salvador, Director of Innovation of Celsa Group.
"I am very thankful for this honor and humbled to be listed together with these fine entrepreneurs. This initiative will hopefully inspire more students to venture out on their own to create something new. IESE's strong alumni network and its professors have supported my work over the years" said Itay Sagie.
After graduation Itay has Co-founded Lexifone, a high tech company which grew internationally, and during the past couple of years he has Co-founded VCforU.com together with his classmate Nilli Donner who also acts as CEO.
VCforU aims to connect investors with relevant, in-depth deal flow which is created on the VCforU platform by entrepreneurs. In the past year, VCforU.com has grown virally to over 7000 startups in over 100 countries. Itay is a graduate of the IESE full time MBA program, class of 2011.