The Great Zionist Venture: How a Little War Brought Fortune to Israeli Startups
For some time now, the debate about Israel’s relationship with Gaza and its handling of the Palestinian rights issue has raged on. Recently, an eye-catching phenomenon transpired on the startup scene – as Israeli businesses adapted to the intense combat situation, they found unforeseen fortune amidst the chaos.
Consider these startling statistics:
• The cyber and AI sectors boomed, with record-breaking acquisition deals and funding in sight – as if Israeli technology and ingenuity fueled a super-powered bulletproof cloak!
• With the war unfolding, international investors turned to the US$500 million-strong angel group OurCrowd – like beggars at Israel’s altar, they vied for their spot in the land of tech entrepreneurship. Our founder Jon Medved, a mogul himself, seemed to prophesy Israel’s resilience under adversity.
But are there untold stories of vulnerability hidden within these numbers and accounts of miraculous escape? Take Hailo, an AI chips powerhouse backed by OurCrowd – or, for the average investor who struggled to secure life-sustaining funds elsewhere!
When interviewed, Bin of the Israel Innovation Authority spoke more poetically about the war-waging power of venture capital: a grant that came "like oil flowing forth to soothe a world beset".
"Without oil, the train is nothing…" But with technology that heals like a sledgehammer blows!
Author: Kayitsi.com
