Posts Tagged ‘Israel’

It is the best of times, it is the worst of times

April 2, 2009

A Tale of Two Cities (1859) is a novel by Charles Dickens, set in London and Paris before and during the French Revolution. It depicts the plight of the French proletariat under the brutal oppression of the French aristocracy in the years leading up to the revolution, and the corresponding savage brutality demonstrated by the revolutionaries toward the former aristocrats in the early years of the revolution.

the book starts with the famous line “it was the best of times, it was the worst of times”

i have not written a blog entry in 3 months, 1 quarter in business life. after a semester at yale, our return here was a crash landing:

  • the horrible war in Gaza,
  • the disappointing elections in Israel, and
  • the economic downturn affecting our lives and especially the Israeli VC scene, Gemini’s portfolio companies and my own clearly effected.

We have a new government is Israel, which is nothing to be proud of.

A new business quarter has begun.

The VC market is hurt, and civil society here is very hurt. From my trips to the Europe, UK and USA it seems that israel is highly Isolated

it seems like these is the worst of times, and it is here to last.

However, after contemplation and observation, i would like to claim this is also the best of times:

  • VC: israel has a great denisty of talent, velocity of innovation, and ability to take (and manage?) risks.
  • Gemini: we have money and are seeing quality deal flow
  • Civil Society: many NGOs will go out of business. many will have to unite and merge. the fragmented market will consolidate. those who survive will be better
  • Israel: (it is a bit harder to be optimistic here), but i have seen in the past, that when logic analysis shows that we are doomed, something unexpected happens. so we need to learn to expect the unexpected.  Discovery of natuaral gas reserves! joining OPEC?, peace with Syria?

it is the best of times