Tuesday, June 21, 2005

Some Good News For Israel!

According to Israel21c, California VCs look to Israel for the next big thing.

For the second year running, a delegation of some 30 American venture capital funds based in California were wowed by Israeli technological startups during a four-day visit last week.

20 innovative Israeli start-ups, in the preliminary stages of funding recruitment, presented their business ventures to the funds - companies specializing in telecommunications, computer and software development, security of computerized environments and media advertising.


How awesome is that? Well check out the article and find out.

7 Comments:

At 5:26 PM, Blogger beakerkin said...

Israel understand the word human capital.Human Capital ultimately trumps natural capital.

 
At 10:47 PM, Blogger patrickafir said...

You know what's ironic? While internet warriors churn out their anti-Israel hatred online, and communicate via IM, none of them appreciate that the technology came from Israel. Israel Inside™.

 
At 7:38 AM, Blogger Sergeant America said...

Well ... just try to formulate the "perfect" search string to use on an Internet search engine ... re: Israeli Inventions!

I can't do it!!! :(

I can find Scotland's, France's, Bulgaria's and Finland's ...

Nim'as li!

 
At 9:54 AM, Blogger Gindy said...

Actually Califonria isn't the only one. Several states are setting up VC funds for Israel. I am not sure why it is happening all of the sudden again.

Israel recently began lowering taxes on business and individuals. Maybe that has something to do with it.

 
At 12:08 PM, Anonymous Rory said...

Also Israel has finally moved to a private sector economy. Since its inception, up until fairly recently, Israel was a socialist state, with one of the most ponderous bureaucracies imaginable (which, unfortunately, they still haven't managed to rid themselves of). But, El Al, for instance was government-owned, as were all their utility companies. I think it was Bibi Netanyahu who was a driving force behind the move toward privatization, which is probably one of the factors making Israel more attractive to foreign investors.

 
At 3:26 PM, Blogger MissingLink said...

Interesting point Rory.
From what I can gather "the pos-socialist" red tape is still the major obstacle for the foreign capital.

 
At 9:33 AM, Blogger Esther said...

Hopefully Bibi can do a lot more to cleaning up the red tape. At least his mind seems to be in the right place.

 

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