Ido Sum
Founder of NOVA Project
Ido Sum
Founder of NOVA Project
London, England
Overview
Work Experience
Partner
2011 - Current
Partnering with Africa's top founders. Investing in everything tech in Africa from seed to growth ($500k >> $10m) - Part of the founding team of TLcom TIDE Africa, one of the very first Africa dedicated tech VC funds ($71m), with offices in Lagos, Nairobi and London. - Board positions include: - uLesson // EdTech - Kobo360 // eLogistics - Terragon Group // MarkTech - Ilara Health // HealthTech ----------------------------------------------------- - Movirtu (acquired by BlackBerry / Sept 2014) - Userfarm (acquired by FilmMaster / Feb 2016)
Co-Founder and Co-Chairman
2003
NPO - business consultation and strategic development services for NGOs; Annual budget ~ 1M$ - Launched and operated a nationwide organization with 500 volunteers and paid staff - Built unique and innovative set of products and services: co-branded courses, tailor-made consulting - Delivered over 100 projects in conjuncture with leading business and academic institutions - Developed organization into cornerstone of social activism in Israel. Cooperated with the Ministry of Social Affairs and top universities in promoting various social initiatives - Maintained 30% annual growth for 7 successive years ultimately becoming the only self-sustaining organization in its field
Emerging Markets Corporate Strategy Specialist (MBA Leadership Program)
2010 - 2010
- Led cross regional strategy creation for 3G services deployment in emerging markets, overlooking 76 markets in Africa/Middle East. Designed operational plans for the top 10 markets - Analyzed M2M and mHealth market opportunities (valued at $60B), presented strategic plan to EVP Asia Pac/Middle East/Africa, VP Business Dev. and Strategy, later presented to company’s costumers - Evaluated financial investment opportunities in emerging economies, presented to top management
Co-Founder and Managing Director
2006 - 2009
WiMAX broadband provider in Africa, national carrier WiMAX license (2.5GHz) holder in Rwanda - Founded and operated an international telecom company, raised seed capital (over $100K) - Defined vision and go to market strategy for varied line of products - Created business and operating models involving 25 different properties across 7 markets - Spearheaded negotiations to establish strategic partnerships with Europe’s Largest WiMAX service provider. - Established network of representatives in 15 African countries - Led management team through acquisition of nationwide Rwandese WiMAX license - Negotiated second round of finance with India’s largest holding group based on $7M valuation - Launched local representation in African 15 countries
Co-Founder and Managing Partner
2007 - 2008
Consultancy specializing in strategy and business models for web-based start-ups - Recruited clients, managed clients accounts and relationships - Designed business strategies and business models enabled clients to raise over $3M
Project Manager, Business Development
2004 - 2006
Largest interactive television platform and applications provider in Israel - Produced business and marketing plans for new interactive services (gaming, Video On Demand, billing) targeted at 65% of Israeli households - Coordinated the overall product lifecycle beginning with ideation through implementation - Drove a 30% increase in TMT’s revenues while positioning it as a market leader in interactive television
Lieutenant, freelance Data Systems Consultant and Analyst
1998 - 2003
- Consulted a classified, large-scale, $80M, data systems, defense project - Led a team of 13 analysts - Outstanding unit and division officer, 2001 and 2002 - Graduate of the Intelligence Corps excellence program
Co-Founder and Head of Operations
1997 - 2000
D.G.M. is a Hebrew acronym for Desert Redeeming Pathway. D.G.M.'s aim was to promote an economic program to settle the Negev.
Education
MBA
2009 - 2011
Executive Education Program
2007 - 2007
BSc
2002 - 2006