$ 1 billion in sales of navigation company Waze, Google could eventually put Israel on the map consumer-oriented Internet innovation a major player.
Israel's high-tech industry has been dominated by companies for other company's products, such as computer chips or communications equipment. But in recent years, the Internet and mobile companies have become the majority of Israeli start-ups, many people have found success in the global market.
Focus may change.
"There is definitely a shift Waze has done a lot of emphasis on that" near-infrared Zohar's WiX, president and chief operating officer. "I would assume that we will find more foreign investors to come to Israeli entrepreneurs to invest." Vickers, personal website of the company, was $ 75 million IPO filed last month, the United States, like Google End a $ 103 million U.S. dollars of the purchase Waze.
Foreign investors have begun to take notice.
Israel's consumer business myheritage.com, a genealogy website, Fiverr.com, creative services, online trading markets, companies and Accel Partners Bessemer, two leading U.S. venture capital firms from last year's major backing.
Israeli Internet entrepreneurs scene veterans that their creativity and international perspective, the Israeli company is well known, it has been relatively easy to enter the fast-growing global smart phone applications, and consumer websites.
"Because we do not have a local market, we have from the outset in the international market, said:" 乌里亚多尼 Jerusalem Venture Partners, a leading Israeli hi-tech companies in the world.
With larger countries is different, he said that Israel's small size means that its start-up natural places like the United States, rather than the domestic market as the goal. For international use ready-made products, which are attracting foreign venture capitalists.
Experts say that the Israeli companies are accustomed to take unconventional risks in building their own products.
"There is always a special Israel, adopting a 'let's go crazy, let's bring things that are completely off the charts, Michal said:" Adam IVC Research Center tracking statistics, the Israeli venture capital.
Waze cases, this means that depending on the application's user base to help build its map, because it lacks like Google company data and satellite imagery lot. Crowdsourcing functions, Waze map service provides users with real-time traffic conditions, accidents and speed traps, standard GPS services have been trying to gather information. The service also had a loyal user base.
Adam said that Israel's approach is to "make things easier when you need a complex outcome, because you do not have enough money and resources."
About three-quarters of the Israeli start-up companies to provide mobile Internet services, according to the inferior vena cava. Just five years ago, the number was 50%.
After bottoming out in 2009, during the global financial crisis, the U.S. venture capitalists invest in Israel steadily ramped up. Last year, according to the U.S. National Venture Capital Association in Arlington, Virginia, they pumped nearly $ 85 million equity into Israel Internet companies, the highest since the global financial crisis, the amount of five years ago.
Overall, Israel is the world's largest destination, the Silicon Valley high-tech venture capital.
In Israel's high-tech scene, a leader in digital, Yossi Vardi, said the rapid development of the Internet is also due to natural growth. Every major (acquisition) and created a new wave of angel investors, "he said." "Angel" who is at high risk for early investments in individual companies.
Wadi help Internet companies, the predecessor of today's modern instant messaging service ICQ, paving the way as the original investors. When ICQ in 1998 was sold to AOL for $ 400 million, Wadi his profit from the deal, invest in other more than 100 high-tech companies, of which about half like ICQ consumer-oriented. answers.com and media software manufacturers FoxyTunes of many of these companies, for example, increasing the success stories of Israel's consumer market.
Wadi expectations, Waze sales will lead to a similar increase.
Every successful new companies to attract new investors, creating a new supply of experienced staff may form their own startups.
"In three years, there will be a lot of people who are who are going to go out into the market, which the company's employees," said Micha Kaufman, Fiverr.com CEO. Fiverr, Amazon has a web analytics service, Alexa ranking of 200 of the world's most visited sites.
Some experts warn that overconfidence. Launched consumer-oriented start-up, it does not require the use of traditional enterprise factories and large machinery, low cost, easy for anyone to start a business idea. Those low cost, to attract investors who can afford to bet the future of a small start-up company.
Israel Ministry of Tourism Bessemer Venture Partners, Inc., a U.S. company's head office, said: "Adam Fisher," I hope more entrepreneurs to throw their hats in the ring. He warned of the Internet market into a number of obstacles, the company can filled with little chance of success.
"We welcome them, but we hope they do not misread Waze success," Fisher said. He noted that the company has developed an application or program must also figure out how to make it profitable, a problem, the traditional high-tech companies, such as chip manufacturers do not.
Nevertheless, Waze's success generated optimism Israeli Internet companies. "All the reporters, all of these exports and create the future buyer confidence," said Yaron Karni, an experienced investor and head of Tel Aviv angel group.
 



Other News:
Steady job gains could help US economy rebound
Waze could lead way to Israeli Internet growth
Ohio tea party to use IRS to fight Medicaid
UK teams with defense and telecom companies on cyber security
Morales back in Bolivia after plane drama over Snowden
U.S. judges OK JPMorgan $546 million settlement with MF Global trustee, customer
Egypt's Mursi defies army as it plots future without him
Courts OK JPMorgan's settlement with MF Global