TLDR:
– Eyal Niv from Pitango Venture Capital discusses the resilience of Israeli tech in the face of challenges
– Israeli entrepreneurs are motivated by threats, leading to stronger dedication and innovation
According to Eyal Niv, Managing General Partner at Pitango Venture Capital, Israel has always thrived in the face of challenges, with the solidarity seen around the world inspiring the country’s entrepreneurial spirit. The challenges of 2023 have only served to ignite a deeper passion among Israeli entrepreneurs, driving them to pursue excellence in the technology sector. The focus on barrier to entry and building comprehensive companies capable of deep innovation is key to evaluating investments in startups. The global economy continues to play a crucial role in shaping the Israeli tech scene, with a focus on the demand for new technologies for transformation.
The future of Israeli tech in 2024 looks promising, with expectations of encouraging IPOs and the emergence of unicorns, driven by the robust and mature nature of companies entering the public domain. In terms of upcoming fundraising efforts, founders are advised to take the validation stage seriously and leverage the local ecosystem for validation. Two portfolio companies expected to thrive in 2024 are AI21 Labs, specializing in artificial intelligence and natural language processing, and Finout, providing FinOps and cloud resource planning solutions.
