Three days ago, the Sequoia Capital branch in TelAviv (Israel) have announced explicitly that they wish to compete with angels and would provide a pre-seed and

Three days ago, the Sequoia Capital branch in TelAviv (Israel) have announced explicitly that they wish to compete with angels and would provide a pre-seed and seed funding up to $500K for startups. (Sorry guys, I currently have it in hebrew only, http://www.themarker.com/tmc/article.jhtml?ElementId=skira20101004_1191770&log=true http://www.themarker.com/tmc/article.jhtml?ElementId=skira20...)