Groucho Marx could have been talking about the Israeli hi-tech sector when he said “I made a killing on Wall Street a few years ago…I shot my broker”. In 2012, as Israeli exits topped $5.5 billion, there was reason to celebrate but plenty of cause for concern.
Metacafe Founders Cash Out Their Chips
Arik Czerniak and Ofer Adler, the two founders of Metacafe that are no longer involved in the day to day operations of the “Israeli Youtube”, have cashed out their shares. Each one of them made $2.5 million as reported by TheMarker, NewTeevee and TechCrunch. Amir and Ofer had fully vested 10% of Metacafe, or 5% …
