Israeli VC Gaining Ground

January 30, 2007 at 10:12 am | In Business & Finance |

The last few years have seen a tremendous increase in the quantity and importance of venture capital funds around the US. It began to explode with the hi-tech boom in the 90s, but even as the start-up trend has slowed a bit, venture capital firms are still out there, taking small entrepreneurs and helping them create tremendously successful businesses. They’re growing in number and significance, and have become a major force in world of small businesses. Some major examples of the successes of venture capital investment are Google and YouTube – companies you may have heard of.

Well, if you’ve ever read anything about Israel, including this blog, you’re probably well aware that passion for hi-tech and entrepreneurial skill flows through the blood of Israelis. You may not have known, though, that we’re there in the world of VC, too.

Though Israel’s VC sector is only about 15 years old, three Israelis just made Forbes’ list of the top-100 international venture capitalists – the ‘Midas List’. Schlomo Kalish of Jerusalem Global Ventures made the list, followed by Erel Margalit of Jerusalem Venture Partners and Yossi Sela of Gemini Israel Funds. They were ranked at 39, 69, and 89, respectively.

Stay tuned for more Israelis taking the fast track to the top.

Thanks to YNET News for breaking the story.