How does the crisis differ in Israel compared to the rest of the world?
I think it is completely the same, for Israel and the rest of the world. I believe it is 100% associated with the economic situation. I can tell you anecdotally in the last two weeks we've had five of the top venture capital firms in the world in our office in Tel Aviv and while they are very much affected by the global economy and interest rates and the lack of ability to raise these $20 billion funds anymore, the conversation is not focused on the judicial reform, it is not focused on the Haredi community growing more rapidly than the secular population. I’m not saying it should or shouldn't be, but I can tell you it is not the main topic of conversation and it is not something that is, in my opinion, affecting growth stage investment in the country.
It's a contrarian view and I want to be clear: My position on the reform is irrelevant. I believe there are issues with our system and I believe there are issues with the way the reform suggests it should end up being, but my perspective is that the outside growth investors of the world are not considering that to be a core criterion of whether they would or not focus on investing in Israel.