Today I attended the Israel Venture Association annual conference in Tel Aviv. This year’s event had a very good buzz compared to previous years during the downturn. There were on-going sessions on capital formation, financing and exit strategies, and discussions on various new market opportunities in areas such as medcial devices, fabless semiconductors, enterprise software, and of course, the Internet.
The highlight of the event was a speech given to the group by Prime Minister Ariel Sharon. He spoke about the disengagement plan from Gaza in August, the continued efforts of renewed peace, and political stability in the region. All of this points to one thing in the context of our group: if Israel is safe, then venture money can continue to grow again and help the people of this amazing and complex country prosper.