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Start in Israel, but move to Silicon Valley
FixYa CEO Bensadon says access to talent, venture capital is key Yaniv Bensadon founded FixYa in his native Israel to take advantage of that country's entrepreneurial spirit and lower startup costs. But once he start looking to raise VC money, after an early angel round, his search in Israel came up dry. "It was hard to find people (who'd invest)... they'd been burned during the dotcom bubble," Bensadon says. So in 2006, he joined a group of Israeli startups on a tour of Silicon Valley, during which he met with several VC firms. One of them, Mayfield Fund, had good chemistry and quickly invested."Everything moved very fast," he says. Once he had a top-tier U.S. investor, Israeli VCs grew more interested, and FixYa ended up receiving funds from Pitango. The company ... [ Read more ]
Video Length: 0
Date Found: October 20, 2008
Date Produced: October 20, 2008
View Count: 16
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