OurCrowd CEO Says Israel’s Tech Startups Prove Mettle in Wartime
- Small firms are ‘weathering that storm well,’ Jon Medved says
- He says crises can be a time to invest as firms show ‘grit’
This article is for subscribers only.
Venture investor Jon Medved said Israel’s vaunted technology startups are withstanding a funding crisis triggered by the war with Hamas as the government and some private backers step in to prop up the industry.
“The startups themselves are really using a lot of grit to be resilient, and that is to make sure they can deliver,” said Medved, the founder and chief executive officer of Jerusalem-based OurCrowd. “There’s been a slogan here: Israel tech delivers no matter what. People are working very hard, and the startup community is weathering that storm well.”