TechNation: Startup Entrepreneurs Often Begin as Software Developers

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Israeli high-tech workers. Rare is the Ethiopian-Israeli among them.
Israeli high-tech workers. Rare is the Ethiopian-Israeli among them.Credit: Alon Ron

Startup entrepreneurs often begin as software developers

Israeli startup entrepreneurs are more likely to start their careers as software developers than any other profession, Workey, a high-tech placement site, has found.

Workey took data on some 12,000 entrepreneurs since 2000 and used the title “founder” or “cofounder” in companies with at least four employees. It found that 27% had begun as software developers. Another 19% began in business development and 7% in marketing.

Around half the entrepreneurs in Workey’s database were between 25 and 35, one-third were 35 to 44 and the rest 45 or older. Nearly 90% of the entrepreneurs were male.

Among multinational companies operating in Israel, Cisco was the biggest source of future entrepreneurs, accounting for 1.6%. Google was second at 1.55% and the Israeli company Conduit third at 1.34%, Workey found. (Eliran Rubin)

Boodaei and Loonkar join in $8 million funding round by Preempt

Mickey Boodaei and Rakesh Loonkar, cofounders of Trusteer and two of the biggest names in Israeli cybersecurity investment, have struck again.

Preempt Security, a cyberfirm coming out of stealth mode, has said the two are part of an investor group that put $8 million into the startup. The round was led by General Catalyst with the participation of Paul Sagan, the former CEO of Akamai Technologies. Preempt launched in 2014 with a $2 million seed round by CEO Ajit Sancheti and Israeli Roman Blachman.

Preempt’s website says little about the technology it’s developing except that it deals with advanced persistent threats and malicious insiders. The company has paying customers and 15 employees with research and development offices in Tel Aviv and headquarters in San Francisco. “A majority of the team is from Unit 8200, the elite intelligence unit of the Israeli Defense Forces,” Preempt says. (Eliran Rubin)

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