A big chunk of Israel’s tech scene is actually based in New York #Leadership @MondoPlayer [Video]

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Last year, Ben Fried pitched a fintech startup to investors in Israel — and got nowhere. The venture firms wanted to see if he could sell the idea in the U.S. first. “I’ve heard it from many investors,” says the former Israeli air force captain. “They push you out...

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Last year, Ben Fried pitched a fintech startup to investors in Israel — and got nowhere. The venture firms wanted to see if he could sell the idea in the U.S. first. “I’ve heard it from many investors,” says the former Israeli air force captain. “They push you out the door as soon as possible.”

Fried’s …

More than 350 startups with Israeli founders have set up shop in New York, up from 60 five years ago, says Guy Franklin, who runs a local tech hub for his countrymen and has cataloged the phenomenon. Three of the five biggest funding rounds in New York last year were for companies run by Israelis or Israeli Americans: co-working business WeWork, real estate app Compass and ride-sharing company Via.