Due Diligence / The disappearance of venture capital
Now it looks like the profession - you could even call it the art - of venture-capital investing is leaving, too. Israeli high tech is being reduced to 20-somethings developing an idea, taking the money and running.
The Israeli high-tech cake was supposed to work like this. The schools and universities would add a few cups of talented engineers and the army a pinch of battlefield experience and budding entrepreneurs. Venture capital would be the baking soda, providing the financial and industrial experience to help the whole enterprise rise. Many of the resulting pastries would fail, but enough would emerge from the oven as...
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