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How tech startup fundraising changed from 2005 to now. In 2005, when Y Combinator started, there was already a well developed ecosystem of venture capital firms in Silicon Valley and Boston. If this plays out the way it did in 2005, we’ll see an explosion in the funding options for biotech companies.
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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