Dovi Frances

Dovi Frances
Born	(1978-11-20) November 20, 1978 Tel Aviv, Israel
Residence	Malibu, California, United States
Alma mater	Ben Gurion University, UCLA Anderson School of Management
Occupation	Entrepreneur, Angel Investor, and President of SG, LLC.[1]

Dovi Frances (born November 20, 1978) is an international financier, an entrepreneur, and president of SG residing in Malibu, California.

Biography

Dovi Frances was born in Tel Aviv, Israel to an eastern European family of Holocaust survivors. Frances served as a Company Commander (Captain) in the Israeli Defense Force while he was stationed in the Gaza Strip and Negev Desert. After his military service in 2000, he was the Vice President of Sales and Marketing for Mitsubishi Motors and Hyundai Motor Company's largest subsidiaries in Israel. In 2005, Frances earned his dual BA from the Ben Gurion University in Business Administration and Psychology. He graduated in June 2008 with a Masters of Business Administration in Finance and Marketing from UCLA Anderson School of Management. Following his studies at UCLA, he joined Deutsche Bank as a private banker in their Los Angeles office.^[2]

SG, LLC

In 2010 Frances founded SG, LLC, a global advisory firm that operates in the US, Russia, and Israel. The firm provides high-net-worth clients with unique solutions to their complex financial needs. Since 2010,SG has facilitated over 940 Million USD in completed transactions through its Lending, Insurance, and Operations Divisions. The firm has also directly invested over 240 Million USD through its Alternative Investments and Asset Management Divisions.^[3]

SG VC

On January 1, 2012, Frances formed SG VC as the Alternative Investment arm of SG, LLC. SG VC is a venture capital firm focusing mostly on early stage technology companies based in Silicon Valley, Los Angeles, and Israel.

Frances serves as an advisor to RosEvro Development, RosevroBank,^[4] 7Flowers,^[5] Genzum Life Sciences and Addepar. Frances also serves as a director on the board of the Jewish charity organization, Jewish Graduate Student Initiative (JGSI).

Guinness World Record

On March 13, 2014, Frances and his firm, SG, LLC were recognized by the Guinness Book of World Records for selling the world's largest life insurance policy.^[6][7][8][9] Frances's unique approach in developing valuable opportunities from complex financial needs was key in securing the insurance policy. The insurance policy addresses a previously neglected need for relieving liquidity requirements for high net worth individuals at probate tax time.^[10] The $201 million life insurance policy more than doubled the previous world record, a $100 million policy sold by Peter Rosengard for media mogul David Geffen.^[11]

Funding and Developing Transparency with Innovative Substance

SG VC has recently acquired and invested in a growing number of technology companies that develop transparent methods which expand their markets capability towards efficient innovation.^[12] Their venture fund has kept a savvy eye on high growth opportunities within the software industry. Adopting innovation, efficiency, and transparency by municipalities is often difficult. SG has met this challenge by investing in OpenGov to simplify solutions through innovation, efficiency, and transparency.^[13] Frances applies a "5-element theory" of insights towards wealth management in both the management of SG, as well as the investment criteria of SG's portfolio.^[14] According to PWC's MoneyTree™ Report, software is still the leader in venture capital by the number of deals, valuations, and exits. SG VC has demonstrated their experience in applying a competitive advantage towards the software industry.^[15]

References