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Les Szekely
Professional VC and Angel Investor
Les Szekely is a seasoned businessman, tax consulting expert, and investor with a wealth of experience in the financial industry.
His journey started during his university years where he ventured into entrepreneurship by successfully selling clothes at Paddys Market, which laid the foundation for his future endeavors.
Les later transitioned into academia, teaching commercial law at UNSW and Revenue law at Syd U before embarking on a prominent career in tax consulting.
With his extensive knowledge and expertise, Les became a partner at top firms like Horwaths and Deloitte, specializing in structuring transactions and providing strategic business advice.
Driven by his passion for business, Les delved into angel investing in 1999 and eventually shifted his focus entirely to angel and VC investment, where he has made significant contributions.
In 2014, he co-founded EVP, a VC funds manager now overseeing more than $130M of VC funds, and actively participates in mentoring startup founders and serving on various boards.
Les Szekely holds a Master of Laws (LL.M.) in Tax Law/Taxation from the University of Sydney and a B.A. LL.B. in Arts/Law from the University of New South Wales, underlining his strong educational background.
Throughout his career, Les has held key positions in numerous organizations such as Chairman of the Board at Microequities Asset Management and Director at various startups, showcasing his diverse involvement in the business ecosystem.
Highlights
UNRWA
Most of the major donors of UNRWA have suspended its funding as daily more evidence emerges suggesting that it has for decades been a root cause of the Palestinian problem rather than part of the solution. This talk nearly summarises why, for the sake of the Palestinians, UNRWA needs to be replaced with a body that will truly help them progress.
UNRWA in The Economist
Just 48 hours after my last post about UNRWA the Economist published an article discussing its history and its limitations. A critical factual item to emerge from this is that: "Only the 6m Palestinian refugees scattered across the Middle East have a separate dedicated caretaker. Before the war perhaps a few tens of thousands were refugees in the literal sense: people forced to flee a conflict. The rest are their descendants, by now three or four generations of them. Most Palestinian refugees, in other words, are not displaced."
The article goes on to explain that: "On visits to the enclave over the past 15 years, your correspondent heard periodic criticisms of the agency from the very people it served. “Imagine that you have cancer,” said one young man, himself a graduate of an unrwa school, in 2022. “And your doctor has a cure, but instead he gives you painkillers.” That was the role of UNRWA: to preserve the status quo."
The article concludes, with considerable merit, that the ultimate blame lies not just with UNRWA but also with the Arab governments which ring Israel but have refused for 75 years to grant citizenship to generations of Palestinians born in them. After all, why should they take responsibility for the support and welfare of the Palestinians if, funded by western governments, UNRWA will do this for them.
