GOVERNMENT CONTRIBUTION by Dan Shechtman

“We all say that government shouldn’t be too influential in the market, but government can contribute.

In the mid 80s, there was one venture fund in Israel. There was capital, but no venture. Then they said, 'Hey VC funds, you invest $100 million and we’ll invest $100 million.'

In one year, there was so much money coming into VC funds, you can’t believe it. Then the money was flowing and the government got out. So, they can contribute.”