After the controversial court rulings against Trump and his real estate company, the New York economic center is considered to be uncertain and risky. It’s better to avoid him. Nevertheless, a US investment company with ties to Israel wants to take the risk and invest against the trend. A risky bet that might , or might not work out.
The New York investment company ‘97212 Ventures’ seems to be feeling the pressure and particularly wants to introduce Israeli companies to the New York market.
The fact is, that New York was a good place for Israeli Startups. New York has a background of about 2 million Jews and is the largest Jewish city outside of Israel.
Today, New York is considered a problem bear and the capital of anti-Semitism. Run down and flooded with illegal migrants and a politically weaponized judicial structure.
The press release of ‘97212 Ventures’ explains: “97212 Ventures, a NY next-generation VC and day-one partner for Israeli founders, today announced the closing of a 20-million dollar fund aimed at investing in new Israeli pre-seed and seed startups, providing them instant access to a pool of rich New York resources to grow their businesses including key senior advisors, early customers and channel partners, paving the way to US product-market fit and early growth.”
Adding the facts that: “New York has established itself as a hub for Israeli tech, with 30 Israeli unicorns and 450 startups headquartered in the city. 97212 founder Eyal Bino has played a key role in the creation of this hub, having previously co-founded ICONYC labs, a go-to-market accelerator focused on investing in pre-seed Israeli startups that helped reduce time to access the US market. ICONYC success stories include Connecteam, Dataloop, Leal Health, Duve, SecuriThings, Copyleaks, and many more.”
An overview of the vibrant Israeli startup community in New York is the map of Guy Franklin without doubt first place and first choice.