‘This is an existential threat for tech companies,’ says Roy Glasberg of AnD Ventures
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https://www.wsj.com/articles/pro-take-tech-leaders-launch-effort-to-support-critical-israeli-tech-startups-de0a983eRoy Glasberg, founder of Tel Aviv-based AnD Ventures. His firm has already provided three companies in its portfolio with $500,000 each in emergency capital.A group of venture capital professionals are launching an effort to connect early-stage startups in Israel with investors around the world who are willing to provide them with emergency capital and other resources.
The effort, called Frontline Initiative, is designed to help young startups withstand the financial and business pressures created by the nation’s war with Hamas. The war poses the greatest challenge for early-stage startups, which are critical to the nation’s future, said Roy Glasberg,Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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