Are NY-Based VCs Capitalizing on the Startup Nation Opportunity?
NYC has become a hub for Israeli entrepreneurs looking to build big, global companies. It is the home to over 200 Israeli startups, big and small, operating in everything from ad tech to video, mobile and e-commerce. It has attracted some of Israel’s biggest startup success stories, including Outbrain, Taboola, Kaltura, Fiverr, BillGuard and Interlude to build their companies there. Yet, if you look closely at the list of investors for these companies, it’s hard to find a NY footprint, with only two VCs (Founder Collective and IA Ventures) investing in BillGuard, while the rest of this sample list of companies is backed primarily by Israeli and Silicon Valley based VCs. These exciting companies are not alone. Most Israeli startups with a base in NY have yet to find a way to engage with NY-based VCs to the point of securing investment.