Nothing Stands Still Here

Well, it has been all of (almost) 24 hours since we published our annual report on Israel hi-tech and VC (see www.leapcap.com/IsraelTechVCReview.html), and we're already somewhat out of date. In the first week of 2008, already two more Israeli tech companies (XIV and Onaro, both in data storage) have been acquired (by IBM and NetApp) for more than a combined $420M. What's more interesting than the amounts these companies have brought to their investors is the amount of money that went in to create that $420M -- less than $10M total was invested in either company. Once again, Israeli managers have shown that you don't need to bring your burn rate up to millions-per-month to create a real company with real technology and real clients and real partners............. I wonder what Week 2 will bring.