WARREN BUFFETT: “ISRAEL’S DISPROPORTIONATE QUANTITY OF IDEAS”

Warren Buffett: “Israel’s disproportionate quantity of ideas” Straight from the Jerusalem Boardroom #147
Yoram Ettinger, “Second Thought: A US-Israel Initiative”

http://www.theettingerreport.co.il

1.  Warren Buffett (Oct. 11, 2010, Yedioth Achronot daily): “CTD, my [farm
equipment] company, has acquired a few Israeli companies [following the 2006
$4BN acquisition of 80% of Israel’s Iskar], and another [electromechanical]
company, TTI, has also acquired an Israeli company…I expect additional
investments in Israel…Israel possesses a disproportionate quantity of
brains and ideas…If you look for oil in the Middle East, skip Israel.
However, if you look for brains, stop in Israel.”

2. Broadcom acquired Israel’s Percello for $86MN, its 6th Israeli
acquisition (Globes, Oct. 28). Qualcomm acquired Israel’s iSkoot for about
$75MN, its 1st Israeli acquisition, in addition to its R&D center in Haifa
(Globes, Oct. 14). Oracle acquired 10% of Israel’s Mellanox for $70MN
(Globes, Oct. 28).

3.  Goldman Sachs and Oak Investment Partners led a $16MN round of private
placement by Israel’s Oberon (Globes, Nov. 17). Microsoft, Evergreen Venture
Partners, Canaan Partners, Mariner Investment Group and Spark Fund
participated in a $15MN round by Israel’s N-Trig (Globes, Nov. 1). Liberty
Global broadband Internet services, Cisco, Gerylock Partners and Miven
Venture Partners led a $12MN round by Israel’s Celeno (Globes, Nov. 16).
Norwest Venture Partners led a $9MN 2nd round of private placement by
Israel’s SundaySky (Globes, Oct. 12).  $7.5MN raised by Israel’s HealOr from
repeat-investors (Globes, Nov. 4). Chicago-based JK&B Capital led a $7MN
round by Israel’s EarlySense (Globes, Oct. 19). Cisco and Germany’s SMAC
Partners participated in a $4.9MN round by Israel’s Oversi (Globes, Oct.
19). Germany’s Baytech co-led a $4.7MN 2nd round of private placement by
Israel’s Real Match (Globes, Nov. 16). Redpoint Ventures and Spart Capital
participated in a $4.5MN round by Israel’s Adap.TV (Globes, Oct. 28). IVF
participated in a $4MN round by Israel’s SuperFish (Globes, Nov. 8).
Britain’s CSS invested $2.5MN in Israel’s Mapal Green Energy (Glboes, Nov.
26).

4. Israel’s buzzing cutting-edge technologies:
According to a November 2 Tel Aviv University press release, a team headed
by Prof. Fernando Patolsky of the School of Chemistry developed a
nanotechnology-based electronic, cost-effective, time-efficient,
user-friendly, portable sensor, which is capable of detecting numerous types
of explosives – as well as biological toxins such as anthrax, cholera or
botulinum – in a more reliable manner than sniffer dogs. Detection can be
made at a distance!

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