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Micro-Multinationals, And How They Will Define Our Era

YoungUpstarts

Back in early 2003, a Dane named Janus Friis and a Swede named Niklas Zennström had an idea for a software application, and founded a business with the help of three Estonian software developers. They set about registering an internet domain name and preparing for the release of a Beta version of their app later that year.

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Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

VC Cafe

Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds: $3 million from Carmel Ventures, $5 million a year ago (March 2010) from Sequoia and $1 million from private investors, including Spotlab, an angel fund operated by former Israeli MP Neomi Blumental. source: [link].