It all ‘ads’ up to innovation: Investing in the future of Israeli digital marketing
This guest post was written by Levi Shapiro, the Managing Partner at the JIMMI Fund, a corporate venture investment fund, and concurrently Partner at TMT Strategic Advisors. He is also the organizer of Marketing & Ad:Tech Israel, Israel’s largest conference for digital advertising. . Last year, the VC industry partied like it was 1999. New data from research firm Pitchbook makes it official: valuations are at an all-time high. Some of the frenzy is driven by Wall Street. The bull market will celebrate its 5th anniversary in March (NASDAQ grew 38.3% last year, more than any other major index), and the IPO market is booming. 222 firms held initial public offerings last year, raising $55 Billion, the most since 406 companies went public for $97 million in 2000. Now the cost of entry to the Party is rising. Across all investment stages, median pre-money valuations last year rose dramatically. Seed-stage deals now require $5.1 million; Series A rounds reached $9.4 million; Series C rounds soared 23% to $62.6 million; Series D and later rounds are now a lofty $105.2 million. The bubble came to Israel...
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