The unique model of this article was revealed on Linkedin.
The phrase “Firgun” (pronounced ‘feer-goon’) is a casual trendy Hebrew time period and idea in Israeli tradition (initially Yiddish), which describes real, unselfish delight or pleasure within the accomplishment of the opposite individual. It’s the alternative of “schadenfreude”. Firgun is all about genuinely feeling and expressing happiness, pleasure, or admiration for another person’s accomplishments, success, or well-being. Extra about Firgun and why it issues on VC Cafe: https://lnkd.in/dg2a86p
Donald J Trump has been elected because the forty seventh President of the USA of America, with the Republican celebration getting a majority additionally for the Senate and the Home. I hope his presidency brings stability to Israel, the fast return of the hostages and a brand new period of prosperity for America and its allies. We should #BRINGTHEMHOME now. Extra in regards to the election within the hyperlinks part.
A surprising organised Pogrom towards Jews passed off in Amsterdam final night time. Dozens of Maccabee Tel Aviv soccer followers have been attacked by Professional Pa*******an mobs after the match ended. They have been focused on the streets, and the assailants filmed themselves operating over Jews with automobiles, kicking Israelis on the bottom unconscious and throwing an individual to the river. The police took hours to settle the scenario and Israel is sending two rescue flights to get them out. It’s scary how Antisemitism has unfold in Europe. #STOPANTISEMITISM
Israeli startups raised $987 million in October alone, throughout 26 offers, with 3 firms finishing rounds of over $100M .
Within the wider tech world, the Fed cuts charges by 25 bps to 4.50% – 4.75%, as Powell vows to not go away. World VC hit a brand new excessive with $32 billion invested in October 2024, Bitcoin crossed the $75K mark since Trump turned president, an all time hight. AI robotics startup Bodily Intelligence raised $400M from the likes of Jeff Bezos and OpenAI, Mistral AI launched an API for content material moderation. Amazon discussing new multibillion-dollar funding in Anthropic so long as the LLM makes use of its inference chips. Chinese language Baidu, Inc. plans to unveil AI good glasses with cameras, voice assist subsequent week. Netflix appointed Mike Verdu as VP of GenAI for Video games. OpenAI paid a reported $20M, the best quantity ever paid for a site title, to amass chat.com.
QUOTE OF THE WEEK
“The poll is stronger than the bullet.”
Abraham Lincoln
NEW FUNDING ROUNDS
- Congratulations Kevin Hykes and staff Augmedics in your $30M collection E to present surgeons “x-ray imaginative and prescient” utilizing cutting-edge augmented actuality know-how!
- Properly performed Dani Cherkassky and staff Kardome on securing a $10M collection A for spatial listening to AI know-how!
- Mazel tov Yehuda Vidal and staff Lidwave on securing a $10M seed spherical for 4D LiDAR-on-chip know-how!
- Kol hakavod Sigal Kalmanson Cusnir and staff Starget Pharma on elevating $5.1m to develop precision peptide radioligand therapies!
- Technique to go Chalom Malka and staff Siit on securing a $5M seed spherical to redefine inner service desk and ticketing!
EXITS
Huge congrats Maor Bin and staff Adaptive Defend on the exit to CrowdStrike for a reported $300M (the corporate raised $34M in whole).
APPOINTMENTS
LINKS FOR YOUR BROWSER
Israel
- Israel’s AI growth Blueprint report by F2 Enterprise Capital, Deloitte and Google Cloud
- Israeli startups raised practically $1 billion in October 2024. The true numbers are more likely to be a lot increased as Israeli startups select to remain in stealth mode greater than ever earlier than.
- There was no higher time to put money into Israel, in response to Juan Delgado-Moreira, co-CEO of $870 billion asset administration agency Hamilton Lane – I agree!
From the weblog
- Discovering Product Market Match is extra than simply ticking bins – and find out how to inform the distinction between actual and pretend PMF
- The rising Israel AI growth in 2024 – my protection of the most recent Israeli AI report
- Non-consensus investing – find out how to unlock enterprise capital’s hidden gems
World
- We blew it, Joe – the The Free Press on why Trump gained
- What’s going to Donald Trump’s second time period in workplace look like? by Gideon Rachman on the Monetary Instances
- Contained in the Coming AI Market “Supercycle” – attention-grabbing report by Battery Ventures The Battery Ventures 2024 State of OpenCloud Report
MEDIA OF THE WEEK
World VC funding hits 2024 excessive in Oct., at $32B. +11.5% YoY in world VC funding from $28.7B a yr in the past.
AI led all sectors, attracting $12.2B, or 38% of the month’s whole funding. +94% YoY in AI funding in Oct. from $6.3B a yr in the past.
Half of all new Israeli startups in 2023 are firms leveraging AI. These new Israeli AI landscapes have been added to my 2024 Israeli startup panorama assortment on VC Cafe
October 2024 was a powerful month for personal funding with Israeli startups elevating over $940M, pushed by important contributions from the cybersecurity sector. These achievements point out robust investor curiosity and are a sign of enterprise continuity in Israeli innovation.
AI proponents are betting that $1.5T of companies spend might be turned by AI into excessive gross margin software program … together with one other $1.5T of human labor into software program … that may 3x the TAM for software program to $4T total.
‘Demystifying the Crypto x AI Stack (supply)
The AI native functions market map by Sapphire Ventures (supply)
AI x Parenting Thesis by Andreessen Horowitz (supply)
We ain’t going again to 2021
Lastly, some comedian reduction
Thanks all for studying the #Firgun e-newsletter. I all the time admire the suggestions. If you realize somebody which may profit from this – please share #Firgun with them!
There’s so much to rejoice in our “small” group. Carry on creating!
I am a former basic associate at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google’s first bodily hub for startups.
I am additionally the founding father of Techbikers, a non-profit bringing collectively the startup ecosystem on biking challenges in assist of Room to Learn. Since inception in 2012 we have constructed 11 faculties and 50 libraries within the creating world.
