The LA tech ecosystem is booming, and quickly closing the gap with Silicon Valley and NYC tech. This city has successfully positioned itself as a legitimate--and very attractive--alternative for tech founders interested in building massive global companies from around the world.
2018 saw a spate of major cyber attacks including the hacks of British Airways, Facebook and Marriott. Despite growing emphasis on and awareness of cyber threats, large organizations continue experiencing massive data breaches.
Israeli private high-tech companies raised a record $3.2 billion in the first half of 2018, up 37 percent from a year earlier, the Israel Venture Capital Research Center and ZAG law firm said.
Israel exports 30% of its GDP in goods and services and derives significant investment and growth for its booming technology sector via the US and China. The episode has left some Israeli businessmen, like legendary venture capitalist Erel Margalit, feeling caught in the middle.
There is no easy formula for venture capital success. But a closer look at Israel's most successful venture investment, Newton, Mass.-based cyber security company, suggests that luck, patience, a great team, aggressive management of the capital structure, and a huge unmet need are all important factors.
In a unique international partnership, the Israeli government and a Colorado-based venture capital fund will start a new program to bring to Colorado Israeli startups that focus on water, energy and transportation.
Israel has laid out the welcoming mat to Chinese companies and investors who may face more troublesome regulations and scrutiny elsewhere. Hardly a day goes by without another Israel-China initiative being announced, whether it's a new Israeli tech incubator in China, new investments, joint ventures, trade conferences or delegations.
Wondering where to find the next tech startup propelling humanity to the next best thing? Israel’s answer to Silicon Valley is Silicon Wadi. Even as President Trump was meeting with the Israeli political elite on the Jerusalem leg of his first foreign trip, a huge slice of that country’s brain trust was gathered in Midtown Manhattan to explore the reasons behind this tech wave and showcase some of the developments that have enabled this small country to punch above its weight.
Private equity investment in Israel rose 22 percent to $316 million in 24 transactions in the first quarter of the year from the $260 million invested in the same quarter a year earlier, a new survey by Israel’s IVC Research Center and Shibolet & Co. corporate law firm shows.
David Buttress, the former CEO of food delivery startup Just Eat, has joined venture capital firm 83North as a general partner. In his new role, Buttress will aim to identify technology startups in Europe and Israel that have the potential to grow to the same size as Just Eat.