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☆ A retired admiral says the US needs to start building boats fast because China's going to outpace the US Navy in no time
▼ + stars: | 2024-01-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The US Navy needs more ships to match up to China, says retired US Navy Adm. James Stavridis. China has the world's largest navy, with over 355 vessels in its fleet. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US is going to have to expand its Navy and get more boats if it wants to keep pace with China's forces, says retired US Navy Adm. James Stavridis. China has the world's largest navy, with over 355 vessels in its fleet, per a 2021 US Navy Institute report.

Persons: James Stavridis, Stavridis, —, John Catsimatidis, Michael Medved, they're Organizations: US Navy, US, Service, Navy, US Navy Institute, Center for Strategic, International, US Pacific Fleet, NATO, Business Insider Locations: China, NATO, Japan, South Korea, Philippines, Australia, New Zealand

Insider spoke with startup founders and VCs who are managing companies while aiding the war effort. Startup founders and employees have traveled back to Israel from their homes abroad to take up arms and defend their country. The call to serveIn Israel, military service is mandatory for all citizens over 18. These startup founders and employees are using the skills they use every day like problem solving, multitasking and leading during the war effort. "I'm lucky to be a cofounder not a sole founder, so I'm relying on my cofounder," Kandel explained.

Persons: Israel, VCs, —, Oren Kandel, I'm, We're, Munch, Kandel, Isaac Gili, Jon Medved, David, Noy, Danielle Eisenberg, Leyb, Eisenberg, I've, Medved, Oren Kandel Kandel, that's, Ben Yellin, Ofer Sharon, Itamar Friedman, " Eisenberg, Tasmin Lockwood Organizations: Palestinian, Hamas, Service, Wednesday, Israeli Defense Forces, Startup, Israel Relief, Microsoft, Israel, Tel, Lightspeed Venture Partners, GGV, Insight Partners Locations: Gaza, Israel, Gedera, New York, cyberintelligence, Tel Aviv, Binyamina

☆ How the tech sector in Israel is navigating the war
▼ + stars: | 2023-10-13 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

London CNN —Israel’s vast tech sector has seen its fair share of crises, from financial downturns and the Covid-19 pandemic to periodic flare-ups in the Israeli-Palestinian conflict. “This is different than anything we’ve faced before,” said Avi Hasson, the CEO of Start-Up Nation Central (SNC), a non-profit that promotes Israel’s tech industry globally. “Seasoned investors with experience backing Israeli startups are not backing away due to the war,” said Samid of TechAviv. For many in Israel’s tech industry, the devastating circumstances have only served to underscore the sector’s famed resilience. “Israeli [tech] hasn’t stopped,” Hasson noted.

Persons: we’ve, ”, Avi Hasson, wasn’t, Leah Walters, Monday.com, Rafael Henrique, Yaron Samid, Jensen Huang, Jon Medved, “, Hillel Fuld, it’s, hasn’t, ” Hasson Organizations: London CNN, Hamas, Nation Central, CNN, Tech, SNC, Nasdaq, Tel, Nvidia, Israel Innovation Authority, ” Tech, Microsoft, Google Locations: Israel, Tel Aviv, “, Israeli

☆ This is not something Israeli tech sector should be proud of, OurCrowd CEO says
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is not something Israeli tech sector should be proud of, OurCrowd CEO saysJon Medved, OurCrowd founder and CEO, discusses the failure of the Israeli intelligence service to foresee Hamas' attack.

Persons: Jon Medved, OurCrowd

☆ Israel's tech hub is a crucial part of its economy. Now, startups could face tougher funding rounds amid the war, experts say.
▼ + stars: | 2023-10-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Getting overseas funding could become difficult for Israel's tech industry amid the war, experts told Reuters. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementIsrael's tech startups have already been facing a tough year attracting funding amid the implosion of a major lender for start-ups, global recession fears, and rising borrowing rates. Investment in Israel's tech startups has already been falling for seven straight quarters even before the war started, according to a report by the think tank Startup Nation Policy Institute, released on September 30. AdvertisementAdvertisementTech insiders also express optimism for the industry, citing Israel's reputation as an established tech hub.

Persons: —, Jon Medved, Avi Hasson, Catalyst, Hasson Organizations: Reuters, Tech, Silicon Valley Bank, Service, Nation Central, Investment, Nation Policy Institute, Israel ., Insight Partners Locations: Israel, Silicon, Tel Aviv, Europe, Israel . New York

☆ Analysis: War with Hamas threatens funding recovery in Israel's vital tech industry
▼ + stars: | 2023-10-10 | by ( Steven Scheer | ) www.reuters.com time to read: +5 min

"This is not a particularly easy time to get investment," he added, noting the number of flights to Israel that have been cancelled. CONFIDENCE EARNEDThat said, Hasson and others expect Israel's tech sector to rebound in the same way it has in past conflicts with Palestinian and Hezbollah militants. Medved said that he believes that Israel will prevail as an tech investment destination. "Historically, every time Israel has gone to war, long term has been a buy side," he said. "That shift may even help push those investors who might have been reluctant (to invest in Israel)," he said.

Persons: Jon Medved, Israel, Maya Eisen Zafrir, Avi Hasson, Hasson, Medved, Arie Zilberstein, Gem's, Ariel Efergan, Hillel Fuld, Steven Scheer, Krystal Hu, Louise Heavens Organizations: Overseas, OurCrowd, Hamas, Silicon Valley Bank, IVC Research, Investment, Startup Nation, Israel, U.S, Insight Partners, Security, Startup, Thomson Locations: Israel's, Israel, Gaza, Egypt, Yom, Silicon, Palestinian, New York, Tel Aviv, Jerusalem

☆ Analysis: Israel's tech sector reels from SVB collapse, proposed judicial reform
▼ + stars: | 2023-04-03 | by ( Steven Scheer | ) www.reuters.com time to read: +7 min

In an industry of around 400,000 there are currently around 6,000 vacant tech jobs, according to government data. More than half of the country's startups held an account with SVB, companies and venture capital investors said, in some cases their only U.S. banking facility although the amounts involved are not fully known. Tech companies and investors alike said SVB was a rarity in the banking industry, familiar with Israel's tech ecosystem and offering loan terms unmatched by other banks. Citing the judicial reforms, Adam Fisher, a partner at investment firm Bessemer Venture Partners, said fewer American banks may be willing to lend to Israeli companies, which means less competition and more onerous terms. Israel's tech companies are therefore likely to flock to register as U.S. companies, while keeping R&D back home, said Yaron Samid, managing partner of the TechAviv Founder Partners fund.

☆ Israeli VC firm OurCrowd will invest $60 million to start an A.I. business in the UAE
▼ + stars: | 2022-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsraeli VC firm OurCrowd will invest $60 million to start an A.I. business in the UAEIsraeli VC firm OurCrowd will invest $60 million to start an AI business in the UAE. CEO John Medved speaks to CNBC for more.

☆ It's been easy to get firms to reduce plastic waste: Social enterprise
▼ + stars: | 2022-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Surprisingly easy' to get companies to commit to reducing plastic waste: Social enterpriseCNBC's Christine Tan speaks to Nanette Medved-Po, founder of social enterprises Hope and Plastic Credit Exchange, about the problem of plastic waste.

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