It has been a good year so far for our Israeli-based portfolio companies with four exits totaling more than $1.2 Billion. Early this year, Altair was acquired by Sony Semiconductor for $212M, which was the first acquisition ever for the Japanese company in Israel. Then Oracle announced the acquisition of virtualization company Ravello Systems, and… Continue reading What makes (Israeli) startups succeed?
Bessemer Venture Partners (BVP) is looking for an Investment Associate who will join our team in Israel. He/she should be smart, curious, personable, and ideally have tech background. Elite tech unit, Tier-1 startup, or tech giant (Facebook/Google etc.) work experience is a big plus. Top tier Consulting or Investment Banking experience will work as well. The candidate should speak fluent… Continue reading We are Hiring an Associate for our Israeli team!
Cisco just announced it is acquiring CloudLock, an Israeli Cloud security startup, for $293M. This is a great outcome for the CloudLock team and the investors. Bessemer first invested in CloudLock in January 2014 when the space it was operating was still very nascent. Below is the blog post we posted on our website in January 2014 that explains why… Continue reading Key lessons from CloudLock’s $293M acquisition
Vehicles that drive themselves are no longer just fantasies. Driverless Cars, also called Autonomous Vehicles (AV), became mainstream in 2010 when Google unveiled a car that drove itself on California freeways. Today, every major auto manufacturer and several large tech companies are working on developing autonomous vehicles. It is no longer a question of if,… Continue reading Israel should be the first country to support driverless cars
Too often founders of early stage companies build a three year revenue plan which gets the company to profitability. These are companies that are barely generating revenue yet somehow decided to focus on profitability. While in theory, getting to profitability is an important milestone for a company, it typically comes at a much later stage in the company’s… Continue reading The one metric early stage startups should ignore
Israeli startups are typically built from day one to target the global market, and predominantly the US. It’s impossible to build a decent size business targeting the local market since Israel has a small population and is surrounded by dissimilar and mainly hostile neighboring countries. However, in the very early stages of a startup Israeli founders often target the local market. First, most… Continue reading Israeli startups- don’t waste time on Israel
One of the biggest phenomena of the past decade was “Software is eating the world”. Today, there is almost no industry which is not run on software and delivered as an online service. This has resulted in new online giants such as Uber, AirBnB, Amazon etc. But now that so many businesses are leveraging software,… Continue reading Deep Learning is eating the world