Wednesday, December 5, 2007

Silicon Valley East

Here's a nice optimistic report for a change. As the investors well know, Israeli hi-tech is such that investments in it are out of all proportions: there are more start-ups there than anywhere else outside of the US.

When I was a wee lad, the grim joke was that the way to make a small fortune in Israel was to bring a large one. This has dramatically changed over the years, and these days there is a brand of Zionists out there who are not Jews, aren't interested in biblical prophecies coming true, greening of deserts or anything else. They're interested in seeing impressive returns on their $, and have figured out that Israel can be a fine place for that.

This in spite of wars, terrorism, regional instability, and all the other things that the texts describe as automatic business killers.

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