Google's recent acquisition may pave the Waze for other Israeli start-ups
The phenomenal success of Waze may be a shot in the arm to the Israeli venture capital industry, which has been characterized in recent years by a dwindling injection of capital.
Ehud Levy first met representatives of Waze in 2008. “We were the first to give them a term sheet,” recalls Levy, a managing partner at Vertex Venture Capital. That turned out to be a wise decision. Investors who injected between $5 million and $6 million dollars into the mobile navigation startup early on got about $130 million in cash last week when Waze was bought by Google for over a billion...
Like us on Facebook and get articles directly in your news feed