Company founder and CEO Adam Neumann says his kibbutz childhood and Israeli army service molded WeWork, nicknamed 'Kibbutz 2.0' and valued at $20 billion. It's a mission, not just a business, he explains
‘We know about it in the army and the police, but high-tech is perceived as being clean,’ says Rape Crisis Center representative
Israeli operations focus on marketing online betting, over 200 of the 250 employees in Israel to be laid off
Nine out of 10 startups raised money at higher valuations in 2016; ControlUp secures $10m from K1 and JVP; Barak Regev named head of Google Israel.
Successes like the self-driving tech company sold to Intel win the spotlight, while failures die quietly in the dark, encouraging an unrealistic attitude by entrepreneurs and investors about their prospects.
The industry’s wizards likes to tell a good story, but sometimes they exaggerate to the point of criminality.
Exits are just part of the picture, and their shrinking number could derive from an uptick in other criteria that reflect growth and maturity in the high-tech industry.
Startups often lie or at least embellish the truth in their efforts to sustain growth. Here’s how it’s done.
'We have a lot of faith in the markets and our products and our ability to create something fun and amazing,' says CEO.
How is it that when Israeli high-tech startups are sold for billions, the only taxes paid come from the employees?