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Novel program lets young startups donate future profits – ISRAEL21c

Novel program lets young startups donate future profits – ISRAEL21c

 

 

Veteran venture capitalist Yadin Kaufmann recalls watching the first steps of the newborn Startup Nation in 1999, upon returning to Israel after several years in the United States.“We started seeing success in the tech sector and there was some criticism that it wasn’t benefiting the rest of Israeli society,â€� he says.“I wanted to connect some of the success in the tech sector with less fortunate elements in Israeli society.â€�Kaufmann established an Israeli affiliate of Silicon Valley’s Entrepreneur Foundation, which in 2002 became the independent Tmura – The Israeli Public Service Venture Fund.Yadin Kaufmann speaking at Tmura’s 20th anniversary event. Photo by… 

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