Investors Stand by Israel’s Tech Startups, for Now
The turmoil unleashed by Prime Minister Netanyahu’s efforts to curb the judiciary hasn’t scared off venture capital funds.
Israeli supporters of Prime Minister Benjamin Netanyahu and his government’s plan to overhaul the judicial system demonstrate in Jerusalem on Sept. 7.
Photographer: Mahmoud Illean/APFor more than eight months, Israel’s business leaders have helped lead the massive protests against Prime Minister Benjamin Netanyahu’s efforts to restrict the powers of the judiciary, warning that they threaten democracy and will drive capital and talent away from a country that’s become an investor darling.
Yet interviews with more than 25 tech investors, lawyers and bankers show that behind the scenes, some of those business leaders are reassuring investors abroad that things are going to be fine, at least in the short and medium term. They also say most Israeli startups are positioned to focus on the US market, leaving investors with limited exposure to the domestic upheaval.
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Investors Stand by Israel’s Tech Startups, for Now