(Bloomberg) Douglas MacMillan - Google's acquisition of mobile map developer Waze Inc. marks one of the most lucrative outcomes for an Israeli technology startup, and is poised to fuel a wave of investment and entrepreneurship in the country. Tel Aviv, which has a population of about 400,000, is home to as many as 700 early stage startups, according to city data. Venture capitalists invested $899.2 million in Israeli companies last year, a 41 percent increase from the previous year, according to the National Venture Capital Association.
2013-06-13 00:00:00Full ArticleBACK Visit the Daily Alert Archive