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israel: Israeli tech startups flock to US amid uncertainty at home

The economic risk for Israels government is that its plans, which have sparked unprecedented nationwide protests, scare a tech industry that accounts for almost a fifth of the countrys gross domestic product and about 30% of tax income. Some entrepreneurs already appear to be voting with their feet.
Tel Aviv United States Benjamin Netanyahu Michael Fertik Yaron Samid Ronen Feldman

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Israeli tech startups flock to US amid uncertainty at home

A growing number of Israel's tech startups are incorporating in the United States, attracted by deep pocketed U.S. funds and pro-business policies, and with an extra push from a planned judicial overhaul at home that has rattled investors. That marks a reversal, as Israel had managed in the past decade to persuade more of its startups to set up their legal identity domestically. It may not mean jobs shifting overseas en masse - the tech sector accounts for 14% of Israeli jobs - but regist...
Israel General United States Yaron Samid Ian Amit Adam Fisher Ayal Shenhav
Source: yahoo.com

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