Eden Shochat – a partner at Aleph, a venture capital fund focused on serving Israeli entrepreneurs has outlined how a simple spreadsheet started on a whim became a comprehensive mapping of the Israeli startup ecosystem through the powers of crowdsourcing. (Wikipedia: Crowdsourcing is the process of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, and especially from an online community, rather than from traditional employees or suppliers.)
After Eden posted his first version of the names, focus areas, minimum and maximum investment as well as contact details for 68 active Israeli seed investors, he gets massive responses from the crowd. Soon the community started adding other useful tabs into the spreadsheet, such as startups looking for capital, accelerator programs, international tech companies doing business in Israel, incubators, contact details for journalists and even a list of venture capital firms (which still requires validation). And the same model was duplicated in Sweden as well as in Spain.
Eden has also suggested several ways of using the spreadsheet, but what strikes us more is how the crowdsourcing model has been considered and applied to evolve the venture ecosystem.
To view the entire spreadsheet, please visit here.