On the other hand the population of the bay area is quite comparable to that of Israel.
Smaller countries tend to have more specialized and targeted economies. If Israel were to attempt to play in all the industries that the US does, they would do very poorly at almost all of them.
Much of the US economy is in large established technology and manufacturing companies, where VC no longer has a role.
I would expect that for every possible region of Israel, it is possible to find a region of similar population in the bay area that has a higher per capita VC investment.
Smaller countries tend to have more specialized and targeted economies. If Israel were to attempt to play in all the industries that the US does, they would do very poorly at almost all of them.
Much of the US economy is in large established technology and manufacturing companies, where VC no longer has a role.
I would expect that for every possible region of Israel, it is possible to find a region of similar population in the bay area that has a higher per capita VC investment.