Norwest Venture Partners sets it sights on Israel with new appointment
Norwest Venture Partners, one of Silicon Valley’s leading VC firms, has brought in Dror Nahumi, a former executive from one of Israel’s largest telecoms, to lead the firm’s investments in Israeli start-ups.
Israel’s start-up scene, which relies almost entirely on business from outside the country, has been posting good numbers. According to IVC, Israel’s VC research center, the country’s high tech sector saw $3.2 billion in mergers and acquisitions and $701 million in IPOs in 2007…. Continue Reading