Intercast’s sad exit, way below value

Israeli start up Intercast Networks is about to be sold for $7.2 -$10 million (estimates vary according to Israeli media outlets), to an undisclosed client, marking a significantly lower exit compared to what was invested in the company. The main losers are Gemini and Genesis. Founded by prof Yechiam Yemini, a CS professor in Columbia …

2008 capital raising in Israel expected to reach an 8-year record high

IVC Online has recently released the Q3 quarterly survey on the state of the VC industry in Israel. Q3 2008 contributed $600 million to the capital raised by Israeli VCs, 45% above Q3/07 levels. These figures are not surprising, given that CalPERS, the $180 Billion sized California Public Employees’ Retirement System (), ranked Carmel Ventures …

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