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Why Governments Don’t Get Startups

Steve Blank

They hire local employees or family. They hire the best and the brightest. Scalable startups tend to group together in innovation clusters (Silicon Valley, Shanghai, New York, Boston, Israel, etc.) To date, Israel is only country that has engineered a successful entrepreneurship cluster from the ground up.

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Covid-19 is a marathon, not a sprint, for startups in US, UK and Israel

VC Cafe

The $349 billion aid package issued by the US Government and distributed in the form of SBA loans was quickly gobbled up by a large number of applications, many of which were from venture-backed or PE-backed startups. Israel – 500M NIS to cash strapped startups. This is part of Israel’s Ministry of Finance NIS 1.2

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2021 was a record breaking year for Israeli startups. What now?

VC Cafe

2021 Tech Trends: Israel is winning the global race for tech funding. Israel: $25.4 Shortage of talent – Israel is a country of 9 million people, and according to a recent report by the Israel Innovation Authority, only about 334,000, about 9.8% Israeli tech investments 2015-2021 (source: IVC ). US: $330 billion ??China:

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How Venture Capitalists and Government Can Promote Entrepreneurship

David Teten

I’ve recently met with several universities, nonprofits, and government employees who’ve all asked the same question: how can we promote entrepreneurship? By contrast, as a venture capitalist, I can report that almost all of our portfolio companies are desperate to hire talented software engineers, and eager to hire in a range of other roles.

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10 Rosh Hashanah Resolutions for Startup Founders

VC Cafe

A combination of competition for top talent and an effort to bring employees back to the office drove startups in Israel to throw extravagant parties and all-inclusive retreats abroad. Early hires are super important: check for skills, motivation and cultural fit. What should we keep and what should we change? Team, product, market.

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The impact of Covid-19 on Global Venture and the Case for Israel

VC Cafe

Israel UP 40% ( Source ) ? “VC investors did not shy away from either first or follow-on investments, bringing the number of VC deals to a record in Q2/2020″ Israel tech fundning report Q2 2020, IVC. What might explain the record breaking deal activity in Israel? Israel’s record breaking Q2 2020 ( Source ).

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China’s Torch Program – the glow that can light the world (Part 2 of 5)

Steve Blank

This post is about the how the Chinese government engineered technology clusters. Of all the Chinese government programs, the Torch Program is the one program that kick-started Chinese high-tech innovation and startups. Israel, Singapore and now China are the three countries that have successfully put that theory into practice.