The BUBBLE came to Israel too, with a record $4.2 billion in exits, averaging $83 million. While there were IPOs (notably Wix in November), most of the acquisitions were made by global technology companies with R&D Centers (and their corporate M&A teams) in Israel, including Apple, Google, EMC, AOL, Cisco, IBM and now Facebook.
Francois Hollande, President of France, led a delegation this week of 260 senior French executives and government officials to Israel for the 2nd annual France-Israel Innovation Day. The objective was to connect French companies with innovative Israeli startups.
As every month, VC Cafe is re-posting the “Invest in Israel” Newsletter, published by the investment promotion center of Israel’s Ministry of Industry, Trade and Labor, which offers many helpful tools for prospecting investors. This month’s top headline is that Israeli exits in 2013…
As every month, VC Cafe is re-posting the “Invest in Israel” Newsletter, published by the investment promotion center of Israel’s Ministry of Industry, Trade and Labor, which offers many helpful tools for prospecting investors. This month marks yet another full plate of Israeli startup…
This week marks the annual orgy of PR excess known as the Consumer Electronics Show. More than 150,000 (mostly male) visitors, many sporting T-shirts with mysterious acronyms like “4K in HD3D”, will alternate between 2 million square feet of exhibition space and the craps tables. Unfortunately for the 3,200 exhibitors, their marketing dollars will be squandered. Although I will predict a few likely trends, when it comes to CES, what happens in Vegas really does STAY in Vegas.
Traditional media companies had an amazing year on Wall Street. While the Dow Jones Index increased a respectable 6.7%, the US Broadcasting and Entertainment Index surged 40%. In fact, other than Sony (dragged down by its hardware business), 6 of the top 7 media conglomerates substantially outperformed the NASDAQ 500.
Nearly 100,000 new developers created applications this year for the App Store, which rakes in 4x more revenue than Google Play. With the number of App Store applications now topping 1 million, application discovery platform Appsfire has released a fascinating end of year infographic about the App Store.
Apple is in talks to acquire Israeli flash maker Anobit for a rumored $400-$500 million, according to a report by Calcalist. This would be Apple's first acquisition in Israel and if completed, Anobit and its 200 employees in Herzliya will become Apple's R&D center in Israel.
Smule, the people that invented the Sonic lighter application for the iPhone, step it up a notch with Ocarina, the first networked music instrument for the iPhone. For only $0.99 cents, you will be able to enjoy two major features…
In a classic MacWorld speaker move, Steve Jobs (aka “his jobness”) announced Apple’s latest invention this week in San Francisco.As you probably heard, the new beauty is called Macbook Air, the world’s thinnest laptop, weighing only 3 pounds and packed…
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