Crisis? What crisis due to the legal reforms planned by the democratically elected government. The leftwing political and media echelon seems to live in a bubble decoupled from reality. Of course, there are tough times, because we have a global recession since COVID and the war in Europe driven by fascists (Russia) and islamists (Iran) which take the opportunity to attack the West because of its weak woke-left governments. Appeasement sucks.
As shown daily on ‘VonNaftali’ there are stories of success which one message: The markets trust Israel. And if any proof is necessary you may take a look at the ‘OurCrowd Sumit’ yesterday in Jerusalem. Hillel Fuld wrote on VonNaftali: “The world was at visit in Jerusalem”. The facts of the ‘OurCrowd Summit’ yesterday:
- 1,700 investors from 35 countries.
- 9,000 people registered for the summit.
- Over 1,800 delegates from more than 400 multi national corporations.
- 573 representatives of OurCrowd portfolio companies.
- 323 governments representatives.
- 631 VCs from around the world.
- 305 members of the business press.
- 950 entrepreneurs.
We went into the shelves and looked also at other Israeli business papers (Calcalist) and did some math for the period 1.2.2023 till 15.2.2023. The result is: Global investors and companies invested awesome $162 million (reported by Calcalist) and ‘VonNaftali’ can report for this period additionally $193 million. And IPOs and other major events like the Port of Haifa are not counted in. And if we look at the order books, everything is fine.
In sum: Awesome $355 million in about 14 days are invested in highTech startups of all branches. Not bad. A crisis looks different. Have things be better? Yes, of course, but as said, all economies are suffering the harsh global circumstances.
Really damaging the Israel economy is not the justice reform, but the rants of the Israeli left against Israel. More and more businesses and companies stay away because they fear the violence and mayhem caused by the left.