Setting up barriers to globalization is bad for economies and especially bad for technology, Jon Medved, the Israeli venture capitalist who heads the crowdfunding platform OurCrowd, said Wednesday at a press conference in Jerusalem.

“A lot of people look at globalization and become afraid one way or another, and I think that is a mistaken notion that is based on lack of understanding, especially in technology,” Medved said, ahead of a global investor conference that will be held in the capital on Thursday.

Read more on The Times of Israel here.