TITLE

Extreme Entrepreneurship

AUTHOR(S)
Schachter, Ken
PUB. DATE
December 2007
SOURCE
Red Herring;12/1/2007, Vol. 4 Issue 30, p46
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
28819250

 

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