Unusual Exit for Israel’s Delver

Now the company has announced its acquistion by… Sears Holdings. The price of the acquisition was not disclosed, but chances are that this is not a ‘happy exit’ for Delver’s investors, mainly Carmel Ventures who invested $4 million in Delver. The company struggled to raise 6 million NIS in recent months.

Sell or close: Delver’s Social Search has 30 days left

Globes reports about the possible grim future of Delver, if the company can’t solve its cash flow problems in the next 30 days.  According to founder Liad Agmon Delver is up for sale and it is currently in contact with private investors. The company has taken about $4 million to date, from Israel’s Carmel Ventures. …

Why are Entrepreneurs the new Rock Stars? [guest post]

Guest post by Tomer Targin: If the Internet was the new rock and roll, Jeff Bezos (Business Insider)…was its Elvis. I read this sentence a couple of weeks ago and it got me thinking – I found remarkable similarity and finally convinced myself. Fellow entrepreneurs, you are the new rock stars.

Venture Geeks Launches New Startup Accelerator Program in Tel Aviv

GeekMedia, the company behind the Israeli blog NewsGeek (Hebrew) has launched VentureGeeks, a new incubator program in Israel, which will provide seed funding and mentorship to Israeli startups. The Tel-Aviv based incubator is meant to serve as an accelerator program for startups, following the model of US based Y Combinator. Startups which are admitted to the program will receive up to $20,000 in pre-seed funding, office space, administrative services and advice from a group of mentors. The cost for startups is 10% of their equity.

@Ediggs Twitter Weekly Updates for 2009-03-09

Giving @Adsense another try, after more than 2 years of embargo. Am I going to be dissapointed? probably. # Israeli consumer confidence tanks: http://tinyurl.com/d8a56o # Entrepreneurs backing Entrepreneurs at Ariadne Capital http://www.entrepreneurcountry.net/ # I’m searching for israeli start up live on TweetGrid Search – http://tinyurl.com/cnonnp #vccafe # Six ways to make Web 2.0 work http://tinyurl.com/afouxt …

@Ediggs Twitter Updates for 2009-03-08

posting on vccafe; Unusual buyers for Israel’s Delver…. http://tinyurl.com/cmz6ox # And vuuualla: http://tinyurl.com/d8eev2 # So far 160,000 viewers have paid 9 NIS and signed up for the channel that broadcasts nothing but the Big Brother in Israel # Unusual Exit for Israel’s Delver http://tinyurl.com/cbofnt # Taking advantage of the break from the rain to catch …

MyHeritage vs. Mylife: The People Search Battle Heats Up

In 2007, when vertical search was hotter than Twitter, people search was the cherry to pick. Indeed, many tried.  Spock  Spokeo, Wink, Peekyou, Pipl.com and in some ways, Israel’s own Delver, to name a few. Now the people search vertical is heating up again with the recent launch of two products: MyHeritage genealogy search and Mylife.com. People …

Weekend Roundup: iSkoot, JewBerry, Ntrig and more layoffs

“If at first the idea is not absurd, there is no hope for it”  – Albert Einstein In the center of our attention this week stood the US elections, leaving little space for Israeli startup headlines. Here’s a roundup of this week’s winners and losers. more layoffs: Going up: 1) iSkoot raises a whooping $19 …

Bitesize Monday: Israeli startups, market condition

Markets plummeted this week, evaporating millions of dollars in value for well established public companies. But what does it mean for startups? Here’s what the VCs have to say: Ron Conway, Sequoia (Rip Good times ppt), Benchmark and Israel’s Danny Cohen (Gemini),  Walden and Michael Eisenberg. Joongel, the TC50 Demopit presenter (previously covered on VC …

12 Israeli Startups To Compete At The IVA Finals

On May 19-20, Globes, DEMO and Red Herring will be holding a startup competition at the Israel Venture Association (IVA) conference. Each startup will have six minutes to present and the winner will receive automatic entry as a finalist at Demo Germany, a profile on Red Herring Magazine and the Israeli media. This is the …

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