“I am deeply concerned about the state of Israeli high-tech. The judicial coup undermined investors’ confidence in the market, and of course the war is not aiding investors’ confidence, and money is the oxygen of high-tech,” said Shlomo Kramer, high-tech entrepreneur, co-founder, and CEO of Cato Networks, at Calcalist’s Tech TLV conference held on Monday in collaboration with Bank Leumi and PAPAYA.
In a conversation with reporter Sophie Shulman, Kramer added, “Regarding the government’s judicial coup, I previously said that unlike countries like Poland or Hungary, it is impossible to take our country from one point to another, and for it to be completed peacefully.
“We are in such a violent and brutal region that such a rift provided an opportunity for our enemies. This was a big mistake on their part. As a techie, I can say that the companies I am involved in have demonstrated extraordinary resilience. But once the amount of investments decreases due to the increase in the level of risk, it will be very difficult. The world is currently very likely heading for a soft landing after the economic crisis, and high-tech in Israel is not at all in this situation.”