When asked about the most important things investors should pay attention to when scouting new businesses, Qualcomm Ventures’ Senior Director doesn’t stick to conventional answers. “Everyone says the team, which is very important, especially in Israel, but the market is crucial,” said Boaz Peer. “When you have a great team or a great app, but the market doesn’t exist … teams can always run, but it’s very difficult when you’re in a specific market.”
Speaking at Tech on the Roof, one of the first events to be held in a physical space since the Covid-19 outbreak, Peer explained what the VC firm is looking for in the marketplace. “When we look at an investment, beyond the team and the technology, we want to make sure there is a market or that we are investing in something that is going to happen soon so that the business can be successful,” he says. said.
You can watch the entire exchange in the video above.