Instagram exposed the extent of such extravagance at ’s party (whose offering was valued at $6.8 billion) at a trendy Tel Aviv hall last month, which included a concert by Omer Adam (estimated at NIS 100,000 or some $30,500), catering featuring several stations with meats, alternative vegan options, and a salad bar as well as an open bar with a variety of drinks and cocktails. The reasoning for “pampering because there’s money,” which has guided the industry until recently, has replaced an actual war: the high demand for workers has turned them into a rare resource that has become more expensive than ever before, and competition now requires companies to make massie investments. The ‘care package’ as it’s coined in the high-tech industry, has become an essential weapon in the fight over raising funds and retaining employees.
Payoneer's IPO party Photo: Eclipse MediaĬompetition isn’t only at the superficial level, or regarding which company’s party’s plan is more creative, headline-grabbing, or whoever has managed to snag the hottest entertainment names such as Israeli pop stars Omer Adam, Noga Erez, and Ran Danker, or has the best catering. “After the pandemic, I assumed that there would be some sort of a ‘back to basic’ trend, but in reality the opposite happened: fierce competition between high tech companies ensued,” a prominent producer in the sector said. There are rumors that those figures even reach over NIS 10 million in some cases. The shortage of bells is simply an anecdote of the summer of 2021 for high-tech companies, where many have party budgets between NIS 300,000 to NIS 3 million ($92,000-$920,000). For the party of cyber company SentinelOne, which went public last week at a $9 billion valuation, she ordered bells from abroad, and they arrived just in time. “I went to southern Tel Aviv, and looked through every shop, and didn’t find any.” However, Orridge, who is determined to make dreams come true, didn’t give up hope.
“There are no more bells in Israel,” reported Gili Orridge from Blend Events where nearly all of her customers are high-tech companies. The ringing of the bells is meant to echo the moment a company goes public on the stock exchange, but this is recently under threat of going extinct, with the multitude of parties emptying the market of bells. It isn’t merely the name of the Israeli artificial intelligence startup which recently raised $7.2 billion, but a highlight in the wave of initial public offering (IPO) parties hitting the local high-tech market.
0 kommentar(er)
