I spent the day at the Journey Conference. An annual event (this is the 10th year) that "serves as a meeting place for leaders of the high-tech, biotech and venture capital industries in Israel". I think that more than anything else, the journey serves an interesting barometer of the current market situation:
At the highest level, when people don't attend - its a bad market... But when you can't get through to the croissants - The market is boiling...
So here are some of today's indicators. I'll leave it up to the reader to decide what's happening in our neck of the woods:
- The Semiconductor industry session - Was more than half empty
- The Internet industry session - I couldn't even get in (since the room was full... including the aisles)
- There were two (full) sessions on Green Tech, and one on Nano... (Including a very interesting session on Water technologies)
- As mentioned the place was packed - predominantly occupied by VCs, Lawyers, accountants, HR firms, etc. Surprisingly, there were just a few startup entrepreneurs (I guess all the rest were busy developing their Alphas, Betas, closing client deals, and working on getting acquired)