Former Condé Nast Executive to Focus on Digital Media Investments as well as joining JVP’s portfolio companies as a board member in Israel and East Coast
New York, October 25th, 2018, Jerusalem Venture Partners (JVP), a leading Israeli Venture Capital fund, announced today that Joy Marcus, a former executive at Conde Nast, has joined JVP as a venture partner focused on digital media. Joy who will be based in New York City and will be joining JVP’s media space portfolio companies as a board member.
Joy was most recently Executive Vice President and General Manager Digital Video at Condé Nast Entertainment, where she led the newly formed video division to triple digit year over year growth.
At JVP, Joy will focus on deal flow in digital media in NYC and Israel, cultivating new talent and existing JVP portfolio companies, and acting as a mentor to women who are founders of emerging businesses.
The news follows the firm’s launch of its US Headquarters, Hub.NYC by JVP earlier this month. Located in an iconic 50,000 square foot space in SoHo, the offices will house JVP portfolio companies (including Any Clip, ThetaRay, Nanit and more). In addition, Hub.NYC is JVP’s platform to make investments in cybersecurity as part of its partnership in Cyber NYC, a new initiative spearheaded by the New York Economic Development Corporation (EDC).
“Joy is a recognized leader in the world of digital media and we are delighted to have her come on board as a Venture Partner based in New York,” said Erel Margalit, JVP Founder and Chairman. “With an already accomplished track record as a venture capitalist, working out of Hub.NYC by JVP, she will be a bridge between NY and Israel, and have her finger on the pulse of the most promising deals on the East Coast.”
In her 20+ year career in media Joy has been a change agent adept at launching and growing digital businesses within large organizations as well as turning small digital companies into profitable businesses. As an experienced venture investor, Joy spent 3 years as a Venture Partner and then Managing Director at Gotham Ventures, a Draper Fisher Jurvetson network fund. In addition, Joy was on the management teams that took BarnesandNoble.com public and that led French video site Dailymotion in its sale to Orange (France Telecom) for $200M.
“Working hand in hand with Erel and the entire JVP team will be an exhilarating and rewarding experience,” Joy Marcus commented. “Helping to grow the firm’s portfolio companies, who represent the best and brightest from Israel’s tech scene, as well as identifying and investing in next generation startups here in New York, is truly a unique opportunity.”
Joy will continue her own activities as an early stage investor. Initially as a Visiting Professor, she currently teaches the Foundations of Entrepreneurship course at her alma mater, Princeton University, where she was a Magna Cum Laude, Phi Beta Kappa graduate.
About Jerusalem Venture Partners (JVP):
Jerusalem Venture Partners (JVP), is an internationally renowned venture capital fund based in Israel. Established in 1993 by Dr. Erel Margalit, JVP has raised to date $1.3 billion across 8 funds, and has been ranked numerous times by Preqin as one of the top-ten consistently performing VC firms worldwide. JVP has built over 120 companies, leveraging a broad network of partners and market expertise to help companies to become global market leaders. Among the pioneering firms of the Israeli venture capital industry, JVP has been instrumental in building some of the largest companies out of Israel, facilitating 12 Initial Public Offerings on NASDAQ and numerous industry sales. With a view to building industry leaders, JVP invests in early through growth stage companies in the spaces of Cyber-Security, Big Data, Fintech, Enterprise Software, Storage, Mobile, Media and IoT.