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Why I Continue to Invest in Israel


(Los Angeles Jewish Journal) Lorne Abony - As the founder and CEO of several companies that went from startup to IPO, I've raised more than $1.7 billion through public and private debt and equity markets. The lessons of this experience have driven me to make increasingly significant investments in Israel over the past decade. The cold-hearted business case for investing in Israel has never been clearer. Israeli start-ups have the best track record of success. Israel now has 41 unicorns, the most per capita in the world. I've been involved with a number of these unicorns and witnessed their explosive growth. You just can't argue with Israel's success in penetrating new areas of technology, and the financial benefit it brings. In fields from AI to blockchain to water and sustainable energy to cultured meat, Israelis bring together a density of expertise, a bold attitude that allows for risk-taking and experimentation, and a unique pipeline connecting world-renowned academic institutions with business. I am confident that the economic miracle that has been the Startup Nation over the past two decades is just getting started.
2023-09-21 00:00:00
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