Israeli investor: There’s nowhere near enough capital available in Jerusalem

Technology startups in the holy city of Jerusalem need more venture capital money if they’re going to be as successful as their Israeli rivals in nearby Tel Aviv.

With just a handful of investors on the ground in the city, it can be hard for some of the local tech startups to raise the money they need to grow their business and take it to the next level, according to Ben Wiener, a venture capitalist in Jerusalem.

When asked if there’s enough capital in Jerusalem to support the city’s startups, the investor said: “Of course not. There needs to be more.”

Read the article by Sam Shead in the Business Insider Australia.