VC investments have a lot to do with it. According to the article, Once an Israeli startup receives venture funding, and often before one of the founding executives typically begins planning a move Silicon Valley to open an office. It’s become nearly a foregone conclusion. Yair Grindlinger, CEO of Supportspace, felt as if it was almost part of the investment deal. Eyal Hertzog, founder of Metacafe said:
“Working with other companies, interacting with CEOs of Internet companies, talking about trends, signing deals, building relationships, this is really happening here”
The print version of article also has a comprehensive list of the companies who made the move to the west coast. Below is a recreation, exclusive to the VC Cafe:
ISRAELI FIRMS THAT OPENED BAY AREA OFFICES IN LAST 18 MONTHS
click to enlarge:
To download your own copy of the article in pdf format, click here.
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