I had one meeting with Eyal when raising my seed round. I couldn't leave the meeting quickly enough. The discussion started positively but the nature of the way he does business left the impression that he was running something close to a scam. ICONYC is a strange fund/incubator hybrid to begin with, focused on helping Israeli or Israel-related startups set up a base in the US. They make a symbolic investment and take a very meaningful percentage of ownership -- which is typical of other incubators. However, what differed and was very unfortunate about Eyal was that the "value add" was simply "I will help you find other investors". I think this works on founders who are trying to figure out the US market from abroad and haven't done their homework. However, I didn't find the terms appealing or the value add credible -- and I let him know. After basically telling him I wasn't interested, he deployed the worst line I have ever seen any sales person outside of used car salesmen deliver: "I don't know, if you don't sign up now the offer may not be here next week". That artificial, non-credible, and low class fake time pressure is, to this date, the worst VC behavior I have seen. I recommend staying away.

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