For the last 30 years, Israel has produced more startups per capita than any other country outside of the U.S. It has contributed innovations such as the firewall, the USB flash drive, the VoIP protocol that underlies many of our voice calls today, Waze, FaceID, and more. It's precisely this innovation engine that's being put at risk by the government's proposed "judicial reform."
The legislation will deprive investors of the necessary protections against government abuse. Without those protections, investors will be more cautious about putting their money in Israel, depriving Israeli startups of the fuel they need to succeed. In short, it will set us back 30 years.
