The judicial overhaul and the uncertainty, disruption and risks that come with it, are forcing him to shift Tipalti’s money and talent overseas, he says.
The company keeps all its funds outside Israel, apart from three months’ payroll as required by its bank, he says.
At the same time, money going into Israel’s 7,000 startups is plunging, says Ari Strasberg, SNC’s Vice President of Strategy.
According to SNC, tech startups raised $15.5 billion in 2022, the equivalent to just under 3% of the country’s GDP.
Protesters still hope the government will reverse course, or that its judicial overhaul bills will be struck down by the Supreme Court.
Persons:
Chen Amit, ” Amit, Amit, Robert Israch, –, He’s, Ari Strasberg, ”, Morgan Stanley, Benjamin Netanyahu, Bezalel Smotrich
Organizations:
Israel CNN, Kaplan, CNN, Nation Central ”, “ Investments, SNC, Finance Ministry, Technology, Supreme
Locations:
Tel Aviv, Israel, Foster City , California, Israeli