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Israel’s startup ecosystem powers ahead, amid a year of change

TechCrunch

Israel’s heady mix of questioning culture, tradition of national military service, higher education, the widespread use of English, appetite for risk and team spirit makes for a fertile place for fast-moving companies to appear. Waze’s 100 employees received about $1.2 billion (£7 billion), came from Jerusalem.

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Keep It Under Your Hat: Valuation Caps and the $650 Million Sale of MySpace for $125 Million

Gust

Rather than reinvent the wheel, I would point readers to Martin Kleppmann’s useful blog post with graphs illustrating the effects of a valuation cap on entrepreneurs, seed investors and later-round (typically VC) investors. The spin-out took a few months to negotiate and didn’t actually close until February 2005.