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Chronicles

The story behind the story

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Over 220 VC firms, including Bain, Bessemer, and GGV, sign a statement supporting Israel and call for the investor community to support Israel's tech ecosystem

Forbes Alex Konrad

Context & Ripple Effects

The investor statement came as Israeli startups were confronting an immediate operating shock: founders and investors said 10% to 15% of tech staff had been called into reserve service. It frames external VC support as a response to continuity risk, not merely a political endorsement.

Subsequent coverage showed why private backing mattered: October VC investment fell sharply from September levels, and the government later asked private investors to help shield startups from the war's fallout.

First-order effects

  • The signatories publicly align their firms with Israel's tech ecosystem, giving founders a visible network of potential advocates, investors, and commercial introductions during disruption.
  • The statement creates no disclosed funding commitment, so its immediate effect is signaling and coordination rather than a measurable infusion of startup capital.

Second-order effects

  • Founders seeking extensions or new rounds can point to the coalition as evidence that international investor relationships remain open, while investors face pressure to turn public support into diligence, follow-on funding, or introductions.
  • If operating disruption persists, funding discussions are likely to focus more heavily on staffing continuity and runway—pressures underscored by the October decline in Israeli VC investment.

Third-order effects

  • The episode suggests that venture networks may increasingly act as crisis-support infrastructure for geographically concentrated startup hubs, combining reputational backing with access to capital and customers.
  • Its durability depends on whether statements translate into sustained investment; later fundraising and dedicated vehicles such as Team8's $500M fund are more meaningful tests of ecosystem resilience than coalition size alone.

The trend: Geopolitical disruption is making cross-border investor networks a more visible part of startup-ecosystem resilience, though public support only matters economically when it is followed by deployable capital.

Discussion

  • @michelledonelan Michelle Donelan MP on x
    Terrorism cannot prevail. Tech is fundamental to any modern economy, not least in Israel - a linchpin of the global industry. Today, I'm asking the British tech industry to join us and support Israel through the horrors it faces. Together, we can rise to the challenge. [image]
  • @alexrkonrad Alex Konrad on x
    We've talked to a number of Israel-based investors and founders this week for @Forbes. (More to come there.) A statement, they say, is less important than continuing to fund them, and conduct business as usual. But “I think it helps,” @YuvalAriav told me. https://www.forbes.com/.…
  • @alexrkonrad Alex Konrad on x
    At least 221 VC firms had signed the open letter as of noon Thursday — more than doubling since las night. Firms like @BainCapVC, @BessemerVP, @GGVCapital and @8vc are represented, among a number of newer, smaller funds that were quick to sign on. https://docs.google.com/... [ima…
  • @avidvc @avidvc on x
    Avid Ventures stands proudly with Israel 🇮🇱 [image]
  • @lily_toto Lily Toto on x
    @TwoLanternsVC stands united with 200+ VC funds in support of Israel and its tech community, especially our startups and founders based there. Read more here:
  • @vc @vc on x
    The tragic events in Israel have brought many in the venture community together over the last several days. Behind the scenes many have been working to support the Israeli and broader Jewish community in whatever ways we can. A statement by the group here: https://docs.google.com…
  • @alexrkonrad Alex Konrad on x
    News: more than 200 venture capital firms have signed a public statement in support of Israel and its tech ecosystem. I spoke to Harry Valner, the U.S.-based startup investor who led the effort since Monday night. https://www.forbes.com/...
  • @cowboyvc @cowboyvc on x
    Our team at Cowboy Ventures is devastated by the violent terrorist attacks in Israel. We stand against hate crimes of any kind, and attacks against unarmed civilians. To our founders, teams, co-investors, and friends in the region: our hearts are with you and your families.
  • @brianlaungaoaeh @brianlaungaoaeh on x
    My partner, @lisahellebo, and I, are proud to sign-on to this Venture Capital Community Statement of Support for Israel on behalf of @refashiond; We unequivocally condemn the wanton brutality and hatred that marked the attack on Israel by Hamas on October 7. [image]
  • @elisha__jacobs Elisha on x
    Proud to have signed the Venture Capital Community Statement of Support for Israel Link to Statement: https://docs.google.com/... Form for Funds to Support: https://forms.gle/...