January 14, 2014
Six leading advocates in the high tech industry suggest that this year will see fewer enormous exits (e.g. Waze), and place the blame on the Tax Authority for causing uncertainty, on the legislature for denying large corporations access to their employees’ intellectual property, and on regulatory authorities for scaring away investors and suppressing the industry.
Adv. Altman, Chairman of APM & Co. and head of the firm’s Corporate and High Tech department and fund practice, notes that cuts in the management fees permitted in the fields of venture capital and private equity are not an effective solution and will adversely affect the Israeli economy: “Managers will not be able to generate significant profits. The second blow when a recession is created after billions of shekels are not added to the economy” .
For the full article in ‘Calcalist’ click here (Hebrew article).