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Thanks Sarah for the article and attention provided to the Israeli tech scene. Israel is a small country and the innovation success has not slowed. Rather, there has been a shift in capital, due to the fact that it is a small country and it is difficult to have a successful $200m fund for 6m people with no local market. so many of the dedicated local VC funds have and continue to wind down, while US/EU VCs continue to invest, even increase activity in Israel. when an Index, Benchmark, Battery, Norwest, Canaan, Sequoia (and many others who have local Israeli operations) invest in Israel, it means they have taken a global view on the opportunity, not only a local view. they wont necessarily do 10 deals a year in Israel, but having these top tier funds on the ground executing 2 deals a year can allow Israel to regain its successful shine. In short, as you said, every once and a while, there will be a good company; rarely will there be a good portfolio. so investors that want a global tech view NEED to be here. But there is little justification for a dedicated Israel VC fund north of $100m.
2 years, 2 months ago on Investment in Israeli Startups Falls 20% This Year — Can We Finally Admit There Is a Problem?