Suggestions
Les Szekely
VC, PE and Angel Investor
Les Szekely is a seasoned professional with a diverse background spanning business, law, and investment.
Starting as a successful entrepreneur selling clothes while still a full-time university student, Les later transitioned into the academic world, teaching commercial and revenue law at prestigious institutions like UNSW and Syd U.
With over two decades of experience as a tax consulting partner at top firms like Horwaths and Deloitte, Les has honed his expertise in structuring transactions and understanding the intricacies of business.
An avid investor, Les delved into angel investing in 1999 and later co-founded the VC funds manager EVP, currently managing over $130M in VC funds.
Beyond his investment ventures, Les serves as the Chairman of the Board at Equity Venture Partners and as a non-executive director of multiple startups, offering valuable mentorship to founders.
Educationally, Les 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.
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.
