Moran was the Israeli founder and chairman of M-Systems, a company notable for developing the first USB flash drive, called the DiskOnKey, way back in the late nineties. This actually followed the development (and patenting) of the first flash drive back in 1995, called the DiskOnChip.
So, what do you do when you’re cash-heavy and have a penchant for innovation and disruption? Launch another company, of course.
From the ashes of the M-Systems acquisition rose Modu, an Israeli mobile phone company that produced the world’s lightest ever mobile phone, a record seeminglyverified by Guinness itself. In addition, the phone let users personalize their handset’s look and features through a range of enclosures, known as Modu jackets.