Cindy Hess, Fenwick partner and co-chair of the firm’s start-ups and venture capital group, talked with the Daily Journal about the attention and success that start-up companies from Israel have experienced in Silicon Valley in recent years.
Hess drew from her own experience beginning in 2004, when she worked on the initial public offering of Shopping.com, an online price-comparison website founded in Israel that subsequently relocated to Brisbane, California.
While Shopping.com successfully debuted on the Nasdaq and was acquired by eBay in 2005, "The road to an Israeli entrepreneur's success is easier [now] than it was 10 years ago," Hess told the newspaper.
"Venture capital firms now have an easier time investing in Israeli companies,” she said, noting also that Cisco and Facebook were among the leading Silicon Valley companies that had acquired Israeli companies in recent years.
The article also cited research showing that Israeli technology companies had raised $1.92 billion from Israeli and foreign investors in 2012.