Last weekend was a double Bank Holiday in the UK (don’t ask me why they call it Bank holiday), which means everyone was on vacation from Thursday to Tuesday. Great start to the week.
Below are the headlines that caught VC Cafe’s attention:
Search suggest, a Google service developed in Israel launched in 51 languages in 151 local websites.
EverGreen adds $20 million to its forth fund, which was raised in 2002. The Evergreen IV Fund now has $163 million under management. The moved caused concern to previous investors who are concerned about dilution. Globes”: That sounds rather like trying to square a circle”.
StumbleUpon was recently re-purchased from eBay by its founders. According to the NY Times, Skype might be next. Niklas Zennstrom and Janus Friis, the founders of Skype, sold to eBay for £3.1 billion in 2005. The two have approached several private equity firms and are pooling their own substantial resources to make a bid for the Internet calling service.
TechCrunch covers the 2009 IsraelWebTour start ups (VC Cafe was on it first, a few days before). TechCrunch is expanding from blog to… hardware manufacturing! Find out about Michael Arrington’s potential exit.
A good summary of the Canadian start up eco-system in Incubators, accelerators, and ignition. It inspired me to start working on a similar post for VC Cafe. Help wanted – contact me.
More Israeli companies make it to the Forbes 2000, the list of top public companies put forth by Forbes magazine. Israel is up from 10 to 13. Teva pharmaceuticals was the highest ranking, on the 381st place.
The WSJ takes one man’s story and applies it on the entire tech industry in Israel. The article Dark Days in Israel’s Tech Sector Drive Rising Executive to the Exit tells the story of Motti Avrahami, a 36 years old CTO.