(Wall Street Journal) Joshua Mitnick - With Google's expected $1 billion plus acquisition of Israeli traffic navigation start-up Waze, venture capitalists and technology experts are hailing it as seminal endorsement by Silicon Valley of a new species of Israeli start-ups that have mass appeal. "Waze is huge news. Everyone accuses Israel of doing small start ups. [Waze] ain't no small start- up. It's a momma," said Jonathan Medved, an Israeli American venture capitalist. "In the past people said that Israel can do enabling technologies only.. This is finally going to get people to realize that Israel is an emerging consumer power house."
2013-06-11 00:00:00Full ArticleBACK Visit the Daily Alert Archive