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‘A Soldier for Israel’s Economy’: New Fund Seeks to Deploy Millions of Dollars to Israeli Startups Amid Gaza War
When Hamas terrorists raided southern Israel on Oct. 7, brutally murdering more than 1,200 people, mainly civilians, and kidnapping 240 others, the immediate fear in the tech world was how the country would bounce back.
Ezra Gardner — the CIO and co-founder of Varana Capital, an Israeli-focused venture capital fund — woke up that day “with every emotion from horror to sadness to anger” but ultimately realized he had to do something about it.
“I have been training 25 years to be a soldier for the Israeli economy,” the dual Israeli-American citizen told The Algemeiner.
Gardner — who is based in Denver, Colorado and in normal times travels to Israel every six weeks — got to work and established the Chai 10X Fund, a “no management fee, no performance fee, no research or invest expense” pro-bono fund aimed at propping up ready-to-scale Israeli startups impacted by the war with Hamas launched on Oct. 7.
Under this arrangement, Gardner and his firm will cover the expenses typically billed to investors, while donating his time for Israel.
He explained that Israel’s economy is more dependent on foreign direct investment than any country of the Organization for Economic Cooperation and Development (OECD), and that according to government statistics, the hi-tech sector in Israel is the largest tax contributor.
Gardner said this was an “existential moment” for the Jewish state, for which his grandparents fought in Israel’s 1948 War of Independence.
The 180 million NIS (about $50 million) fund has a “dual mandate as my mission as a soldier for the Israeli economy,” Gardner explained.
First is the raising and allocation of the money to the companies that need it most. The Chai 10X Fund will focus within the same sector that his day-to-day fund, Varana Capital, has operated for the past 13 years — Israeli companies that have already raised money, conducted research and development, and either have revenues or are about to scale them up.
Their focus is on the hardware space, with products in fields such as computers, electric vehicles, and agriculture that are “demonstrably better than what currently exists, can be built, and is heavily patented.”
Gardner said that allocating the capital will “not at all” be a problem, and that there is a huge need for the funding Chai 10X is getting ready to deploy.
The second mandate for the fund, according to Gardner and what is taking up a large portion of his current trip to Israel, is “to be a conduit to the government to help the technology ecosystem get everything it needs.”
Throughout this process, Gardner has been meeting with top members of Israel’s Parliament, known as the Knesset, and the CEOs of Israel’s largest banks to break down and hopefully solve the problems facing the country’s economy during wartime.
“I did a thought experiment and thought: What if the war ended tomorrow, and in the best way? When would the guys in Silicon Valley hop on a plane and come back to Tel Aviv?” he said.
In Gardner’s estimation, even the best situation for fiscal year 2024 won’t have a great economic outlook.
The goal then, Gardner explained, is to work through and find ways to compensate the losses in foreign capital with domestic capital, which he said the Israel Innovation Authority is helping with, as well as funds like his own.
People outside of Israel “should know how resilient these entrepreneurs are,” Gardner said, adding that “Israeli innovation delivers no matter what.”
“We are strong and resilient,” he said. “There is no silver bullet, but together we can make it work.”
The post ‘A Soldier for Israel’s Economy’: New Fund Seeks to Deploy Millions of Dollars to Israeli Startups Amid Gaza War first appeared on Algemeiner.com.
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‘Destroy or Explode’: Anti-Isreal Jordanian Pleads Guilty to Bomb Threat and Sabotaging Energy Facility in Florida
A Jordanian expatriate who was federally charged in August for attacking an energy facility and threatening to bomb businesses that he deemed supportive of Israel has pled guilty to his crimes, the US Department of Justice announced earlier this month.
As The Algemeiner previously reported, Hashem Younis Hashem Hnaihen, 43, this past summer vandalized small businesses in Orange County, Florida, and left “Warning Letters” addressed to the US government in which he vowed to “destroy or explode everything here in America. Especially the companies and factories that support the racist state of Israel.”
Later, he breached an energy facility in Wedgefield, Florida, where he “smashed” scores of solar panels and damaged other “electronic equipment.” The spree of infrastructure sabotage lasted “for hours,” the department added, destroying $700,000 worth of technology. In early July, Hnaihen left a final warning letter at an industrial propane gas distribution depot located in the city of Orlando., according to federal prosecutors. The Orange County Sheriff’s Department arrested him on July 11.
On Dec. 20, Hnaihen conceded to the federal government its case against him, pleading guilty to “four counts of threatening to use explosives and one count of destruction of an energy facility.” His plea also contained a promise to “make full restitution” to his victims, a debt he will likely repay by working a job in prison, where he stands to spend as many as 60 years.
“With this plea, we are holding this defendant accountable for his threats to carry out hate-fueled mass violence in our country, motivated in part by his desire to ‘warn’ businesses because of their perceived support of Israel,” US Attorney General Merrick B. Garland said in a statement announcing the news. “The Justice Department will fiercely protect the right over every person to peacefully express their opinions, beliefs, and ideas, but we have no tolerance for acts and threats of hate-fueled violence that create lasting fear.”
FBI Director Christopher Wray added, “The defendant is admitting that he attacked a solar power facility, damaged a number of Florida businesses, and left a series of threatening messages about perceived state of Israel. Violence, destruction of property, and threats are simply unacceptable.”
Hnaihen’s conviction is one among several that the Justice Department secured this year against offenders who committed crimes animated by anti-Zionist and anti-Jewish hatred.
In November, Adam Edward Braun, 34, pleaded guilty to repeatedly vandalizing a synagogue in Eugene, Oregon during a 2023 unrestrained bout of hate. Braun, graffitied the Temple Beth Israel synagogue twice in Sept. 2023, spraying “1377” for its resemblance to “1488,” a reference to Adolf Hitler and a white nationalist slogan. He came back several months later to vandalize the glazing of the synagogue’s entrance. A search of Braun’s home in Jan. yielded copious evidence of his guilt. Authorities also found “several items and writings” that were antisemitic, further implicating him in the crimes.
In October, federal prosecutors helped convict a gunman who shot two Jewish men as they exited a synagogue in Los Angeles.
Jaime Tran, 30 — an affiliate of the “Goyim Defense League” hate group — had attempted to murder two Jewish men in the Pico-Robertson section of Los Angeles in Feb. 2023. Prior to the crimes, Tran called Jews “primitive” and told a former classmate, “Someone is going to kill you, Jew” and “I want you dead, Jew.” According to the Justice Department, he even described himself as a “ticking time bomb,” broadcasting his murderous ideation to all who knew him.
After declining to fight the federal government’s case against him, Tran pled guilty in June to four charges the DOJ described as “hate crimes with intent to kill” and “using, carrying, and discharging a firearm” in the commission of an act of violence. His sentencing of 35 years ensures that he will not again be free until the year 2059.
Follow Dion J. Pierre @DionJPierre.
The post ‘Destroy or Explode’: Anti-Isreal Jordanian Pleads Guilty to Bomb Threat and Sabotaging Energy Facility in Florida first appeared on Algemeiner.com.
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Why Erdogan’s Turkish Empire Is an Emerging Threat
The world was once a series of empires. The British Empire, at its peak in 1922, covered about a quarter of the Earth’s land and ruled over 458 million people. The Russian Empire once covered about 8,800,000 sq/mi, roughly one-sixth of the world’s landmass, making it the third-largest empire in history, behind only the British and Mongols. An 1897 census recorded 125.6 million people under Russian control. Genghis Khan’s Mongol Empire, while short, was the largest contiguous empire in history.
The Ottoman Empire lasted from 1301 to 1922, and at one point, included parts of Turkey, Egypt, Greece, Bulgaria, Romania, Macedonia, Hungary, Palestine, Jordan, and Lebanon. It was, in some ways and at some times, a relatively benign occupation of other people, though decidedly not for Greeks, Armenians, or Kurds.
Why does it matter? We don’t do empires anymore. Do we?
That depends. Turkey now, under President Recep Tayyip Erdogan, is projecting its next empire — a scary combination of ISIS-related religious extremism, nationalist prejudice, and Western weaponry.
Erdogan gave a speech last week. The key paragraph is this:
Turkey is much bigger than Turkey as a nation. We cannot limit our horizon to 782,000 sq/km, Just as a person cannot escape from his destiny by fleeing it, Turkey as a nation cannot flee or hide from its destiny. We must see, accept and act according to the mission that history has given us as a nation. Those who ask, “What is Turkey doing in Libya, Syria, and Somalia?” may not be able to conceive the mission and the vision.
And, if you couldn’t “conceive the mission,” Bilal Erdogan, his son, clarified for you. At a massive rally, he exhorted the crowd: “Yesterday Hagia Sophia (once a Church in Istanbul), today the Umayyad Mosque (Damascus), tomorrow Al-Aqsa (the site of the Jewish Temple in Jerusalem).”
Today, Turkey illegally occupies a large swath of northern Syria, claiming only to have in interest in defeating the PKK –– considered by Ankara to be a Kurdish terror organization. [For the US, the Kurds were an essential partner in defeating ISIS in Syria and northern Iraq, and remain an ally.]
Between October 2019 and January 2024, the Turkish military carried out more than 100 attacks on oil fields, gas facilities, and power stations in Kurdish-held areas. According to the BBC in October 2024, Ankara cut off access to electricity and water for more than a million people.
Turkey has operated in northern Syria in conjunction with HTS, the ISIS-adjacent group that has been on the US terror list, but now appears to be seeking legitimacy as the ruler of Syria. According to a Turkish news source, as a new Syrian military establishment begins to take shape, “Turkey will actively provide consultant-expert support to the restructuring process of Syria’s sea, air, and land forces. In addition … Turkish military presence will be included in five different points of Syria.”
The new force will number 300,000, according to the Turkish report, including 40,000 fighters from HTS, and 50,000 from the Syrian National Army (SNA). The latter is actually an auxiliary of the Turkish Armed Forces. SNA forces have been deployed by Turkey as a proxy in Libya and elsewhere.
Ankara also hosts leadership of Hamas, earning a rare rebuke from the US State Department in November 2024, and Hezbollah. It should be noted that the dismemberment of Hezbollah by Israel was understood as a defeat for Iran, Turkey’s regional rival.
Turkey’s relations with Hamas, Hezbollah and the emerging Syrian military all threaten Israel. Turkey’s direct attacks on Israel — both rhetorical and military, going back to Turkish sponsorship of the Mavi Marmara flotilla in 2016 but increased after October 7 — also pose threats.
Turkey operates across Africa, as Erdogan noted in his speech. In January 2020, Turkey sent military forces to Libya in support of the Government of National Accord, the Tripoli government, followed by as many as 18,000 soldiers of the Syrian National Army (SNA — see above), which included child soldiers. Turkey has defense agreements with Somalia, Kenya, Rwanda, Ethiopia, Nigeria, and Ghana. Turkish drones have been recently delivered to Chad, Togo, Burkina Faso, Mali, and Niger.
Like many empire-driven military adventures, this one appears to have two purposes: first, to secure access to natural resources, and then to serve as a launching point for Turkish social and religious interests. Turkey has built 140 schools for 17,000 students, while 60,000 Africans are studying in Turkey.
Turkey has made clear its intention to play as a world power. It is coming up against Russia and China in Africa, and Iran in the Middle East (Iran is injured, but not defeated). While there is no mechanism for the Western countries to remove Turkey from NATO (that requires a unanimous vote, and Turkey won’t vote itself out), the United States and its allies in Europe and the Middle East should be very skeptical of Turkey’s intentions and leery of its capabilities.
Shoshana Bryen is Senior Director of The Jewish Policy Center and Editor of inFOCUS Quarterly magazine.
The post Why Erdogan’s Turkish Empire Is an Emerging Threat first appeared on Algemeiner.com.
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Joseph Massad, Columbia, and the War Against Israel in Academia
When I was studying International Affairs and Middle East Studies at an American university, I took many courses on the conflict and the history of the Middle East. These courses inevitably involved extensive discussions of Israel, which often led to debates surrounding its right to exist.
I sat in classrooms and learned from scholars who, perhaps unknowingly, infused their teachings with fundamental biases against Israel — and, at times, against Jews and their right to a homeland.
While they may not have been as ruthlessly vocal as Joseph Massad, their anti-Israel agenda was present nonetheless, and they were educating a large, international group of students with it. Many of these students knew nothing about the conflict, and took what the teachers said (teachers the university told them to trust) at face value.
I sat alongside peers from around the world, and witnessed how this bias led them to learn fundamentally incorrect facts about the complex history, territory, and conflict in the Middle East. This further entrenched a bias that some had against Israel, and contributed to their outspoken hatred of the country.
When the October 7th attack occurred, and our peers and co-workers began to side with the terrorist group committing mass atrocities, I was not surprised. It was the result of these teachings, which gave them the belief that Israel is the oppressor (and always will be), and that anything it does to defend itself is wrong — a crime against humanity.
Joseph Massad called the October 7 attacks “awesome” and “astounding” — and now Columbia is letting him teach a course on Zionism. Joseph Stalin would be proud. It actively enables and supports the creation of more antisemitic and anti-Zionist attitudes and mindsets.
Massad is just another university professor using his position in a prestigious academic institution to instill this one-sided way of thinking in his students — a mentality that discourages discourse, critical examination, and promotes hatred.
The response we have seen in the West since the war began is the direct result of these teachings.
In the past, we often slept through this. We disagreed, but we did not challenge. We did not fight back. This cannot — and will not be the case — if Israel (and American Jewry) are going to survive.
Alma Bengio is a Northeastern University graduate with a Bachelor’s in International Relations, and a Master’s in Project Management from Harrisburg University. Follow @lets.talk.conflict on Instagram.
The post Joseph Massad, Columbia, and the War Against Israel in Academia first appeared on Algemeiner.com.
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