Anyone ‘truly’ familiar with Israel and the Israeli startup culture will know that very little innovation birthed in the holy land actually reaches success. There are no shortage of success stories and poster children that showcase the depth and breadth of Israel’s ingenuity and creative commercialization.
The reality is very different. More startups fail in Israel than in any other country in the world…
In a country where every man and his dog is working on or talking about their idea for the next Waze, Wix or Mobileye the number of failures is going to be high. Many failures happen early, learning curves are learned and entrepreneurs pivot into another venture headed to be the next big thing.
6 entrepreneurs raised private angel club investments totaling $15 million dollars.
It’s a matter of statistics and courage. Both of which Israel does well.
As in every industry, there’s much that goes on behind-the-scenes. Conversations and relationships are nurtured that eventually blossom (or die) and all too often deals are done that need to be rewritten before the ink is dry in order to account for another brainstorming session or introduction over a street-side coffee & humus.
This week in Israel, 2 cultivators almost completed what would have been game changing strategic alliances. It didn’t happen and you’ll never hear about it.
Read more: Israel Holds Its Place in the Emerging Global Cannabis Market
This week in Israel, 6 entrepreneurs raised private angel club investments totaling $15 million dollars. The companies are in stealth mode and the investment is not worthy of a TechCrunch article.
2 cultivators almost completed what would have been game changing strategic alliances. It didn’t happen and you’ll never hear about it.
This week in Israel, over 100 innovators and entrepreneurs meet informally, formally and by chance. Opinions were shared, visions illuminated and synergies found.
There is a lot happening this week in Israel. Next week we already know what’s happening.
Dr. Deborah Malka is here in Israel to keynote at iCAN’s Cannabis 101 education symposium.
Dr. Malka served as Medical Director of MedCann Inc, a group of 30 cannabis clinics throughout California that serve upwards of 300,000 patients, and Chaired the Education Committee for the Society of Cannabis Clinicians.
It was a busy week in Israel this past week and if this latest news is any indication, next week and the weeks beyond should be just as busy.
What questions do you have about cannabis culture or business in Israel? Join the conversation and comment below!
