ISRAELI-BACKED FIRMS heighten the scramble for U.S. tech talent.

Wall Street Journal, July 16, 1998.
Infant Israeli high-tech companies join the dash to start US ventures. The infusion of capital from Israel helps make a tight job market "terrible", says Mark Pine, CEO of OnDisplay Inc., a San Ramon, Calif., software provider. Jerusalem-based venture capital company Israel Seed Partners has helped finance 15 new firms in the Silicon Valley and Boston area, searching for top management, it says.

Jacob Tanz, vice president of Israeli-financed Libit Signal Processing Corp., an Englewood Falls, NJ, components supplier for caple-TV modems and set-top boxes, plans to expand from five people in the firm's Los Altos, Calif., office to 30 soon. "There is a much bigger pool here than in Israel," he says. India and Ireland also mine tech workers with new US ventures.

Back to list of news