Extreme Entrepreneurship

Schachter, Ken
December 2007
Red Herring;12/1/2007, Vol. 4 Issue 30, p46
Trade Publication
The article discusses the status of entrepreneurship in the high technology sector of Israel. Since its founding in 1948, Israel has fought a succession of wars but the Israeli economy continues to thrive. The Bank of Israel pegs 2007 economic growth at a robust 5.5 percent. Foreign venture funds, primarily from the U.S., are taking a larger role in Israeli high tech. In the third quarter, foreign venture capitalists and investors accounted for more than 50 percent of the $414 million invested in Israeli startups, according to a survey by the IVC Research Center. Adding to the momentum of Israel's entrepreneurial economy has been the rise of a global economy in which even small companies can straddle national borders.


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