Israeli Hi-tech Startups Are hanging in There
Aaron Katsman (September 4th, 2008) Writes:
With global capital markets in the middle of a meltdown, it would be expected that the Israeli hi-tech startup industry would be in shambles. With most investors hunkered down waiting for the storm to pass, they wouldn’t seem to be in the mood to fund new companies. Well that may be what you would expect, in reality it’s not the case. According to a report in Globes the number of startups that have closed their doors this year is actually much less than in the previous 2 years. “According to IVC Online, 35 start-ups have closed down since January: 24 companies in the first quarter, six in the second quarter, and five in July-August. For the sake of comparison, 228 companies closed down in 2007 as a whole and the number that closed in 2006 was about the same.”
That hardly sounds the panic whistle. It’s hard to understand why
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