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I have experienced two major financial disruptions in my career: the bubble burst in 2000 and the financial crisis of 2008. In the past decade, we lived through an unprecedented run of optimism and climbing valuations, and the gut check we’re seeing now has been long in coming.
The only model of institutional seed funding was the “businessincubator” model, where VC firms would fund well-connected founders they knew and incubate them in their office. Many traditional biotech investors are still looking for the controlling legal terms that went out of vogue in tech in the early 2000’s.
Twitter Space: What can today’s founders learn from the 2000 dotcom bubble burst? In 2000, many high-flying internet startups turned into smoking craters. . — TechCrunch (@TechCrunch) September 9, 2022. A Gen Z VC speaks up: Why Gen Z VCs are trash. Image Credits: Chris Hondros (opens in a new window) / Getty Images.
Jerusalem’s economy and therefore startup scene suffered after the second Intifada (the Palestinian uprising that began in late September 2000 and ended around 2005). There are three main hubs for the Israeli tech scene (in order of size): Tel Aviv, Herzliya and Jerusalem. billion (£7 billion), came from Jerusalem.
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