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.

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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....