Alley Insider, one of my favorite tech blogs, published an interesting post yesterday, titled “If We Hear About Any More Startups Like These, We’ll Scream”, listing some of the latest startup trends in idea buckets. Their frustration is coming from the sheer number of startups doing the same thing in the US, but for all of us living out of the US, the question should be: Is it currently being done right your country?
MGIC to Invest in the “New Google”
MGIC Plc, a new Israeli investment company, aims to find the “new google” by investing $100-300 thousand in Web 2.0 startups that are 6 – 9 months away from generating revenue. The founders include the founder of JDATE, Alon Carmel, the former British Ambassador to Israel Sir Andrew Burns, and Amir Raveh from MG Equity. …