Secondary Ahead! What Are the Rules of the Game?
After a period of stagnation, the secondary market is moving again—this means liquidity opportunities for founders, employees, and investors even before an exit. But alongside the opportunity, there are also risks—especially concerning valuation implications and tax liability.
Cautious Optimism: A Relative Recovery in Fundraising Rounds in the Local Tech Sector
This comes alongside a new tide of secondary deals; just before you grant employee stock options, we’ve summarized what you need to know about 409A rules: Who is subject to the law? How is the exercise price determined? And what are the key considerations to keep in mind?
2024 in High-Tech: The Local Sector Detached from the U.S. Trend for the First Time
“AI companies currently enjoy a massive premium that won’t last long” So says the CEO and founder of S Cube, part of IBI Capital, Israel’s largest technology valuation firm, who reflects on the past year and outlines goals for the next. While the Nasdaq reaches record highs, the ongoing war in Israel weighs heavily on the performance of the local tech sector, which, despite a significant increase in M&A activity, lags behind.
Coffee with Gidi – 2024 Overview and Insights for 2025
“AI companies currently enjoy a massive premium that won’t last long” So says the CEO and founder of S Cube, part of IBI Capital, Israel’s largest technology valuation firm, who reflects on the past year and outlines goals for the next. While the Nasdaq reaches record highs, the ongoing war in Israel weighs heavily on the performance of the local tech sector, which, despite a significant increase in M&A activity, lags behind.
2024 Financial Statements – How Are Valuations Affected?
The Israeli economy faced significant challenges over the past year, with additional fiscal pressures anticipated in the near future. Preparing financial statements has become increasingly complex against the backdrop of the country’s longest conflict, which carries profound and lasting macroeconomic implications. These circumstances raise thorny questions for financial managers about how to assess and quantify the potential impacts
Valuation for granting options: why should you engage an expert? Everything you need to know about valuations for granting options
Just before an exit or IPO, tax authorities may challenge the 409A valuations to increase the tax liability. This is when issues can arise, potentially jeopardizing the deal. What are the risks, and how can they be avoided? In the absence of regulation in the field of valuations, some entities offer services that should raise […]
War and venture capital – how do you fund your start-up now?
What are investors looking for in the current environment, what opportunities have been created, and can the new government grants help? What are the effects of the war on the cyber field in particular, and where do SAFEs and down rounds come in? Relative to the challenges facing the Israeli economy as a whole, and […]
2023: despite the shocks, Israeli high-tech keeps investors’ trust
The performance of the domestic sector was good relative to the US, despite unprecedented geopolitical crises; the medical and cyber sectors have eaten into the market share of information technology companies; and a change for the better is expected at the end of the second half of 2024 In 2023, the local technology sector exhibited […]
Coffee with Gidi – 2023 Overview and Insights for 2024
A change for the better in the technology sector is expected at the end of the second half of 2024 The Nasdaq is once again at a record level while Israel is in an ongoing war, what does this mean for the local high-tech companies? The CEO and founder of S Cube of IBI Capital […]
The Surprising Interplay between Extreme Uncertainty, the Increase in Interest Rates, the Inversion of the Yield Curve – and the Periodic Impairment Test
We find ourselves in one of the most difficult periods Israel has ever known, following several months of wallowing in a political quagmire. Enormous uncertainty looms, with credit rating agencies threatening downgrades, increased discount rates, and the ominous specter of a US yield curve steepening, intensifying recession concerns. Now, more than ever, it’s imperative that […]