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?
Tel Aviv-based IronSource is valued at around $1.8 billion, source says.
Playtika will continue to operate with its own management team and its headquarters remaining in Herzliya.
Mutual fund category for investment in startups approved by finance minister; SafeBreach raises $15 million for simulated hack attacks technology; SNE raises $2.5 million for technology transfer from Israeli colleges.
Managers of the Aleph venture capital fund, who include American immigrants committed to Israel’s success, believe that Israeli high-tech owners have changed their approach and are beginning to think long-term.
The results defied the dire forecasts that were made for Israel’s tech sector at the start of the year. While it’s too early to say definitively, the first six months suggest that 2016 could be a record-shattering year for the country’s startups.
IVC says mergers and acquisitions exits declined to $3.32 billion in January to June.
Founded in 2014 and counting 15 employees, StreamRail has developed video-player technology that enables publishers to make money off of content.
Since 1998, Cisco has invested more than $2 billion in the acquisition of Israeli firms.
In long run, sector will lack up to 10,000 workers if women, ultra-Orthodox Jews and Arabs are not integrated.
Sony Pictures to invest several millions in Interlude | Israel, U.S. sign joint declaration to share data on cyber threats | Fintech exits in Israel expected to rise | Cloud computing company Zerto raises $20m