RAMALLAH, Palestinian Authority (AFP) — At first glance, Mashvisor is just one of thousands of websites specializing in US real estate.
But it has a unique feature, undetectable to customers: Its designers created it in the West Bank and it is run from Palestinian territory.
“The great thing about a startup is you can work on it anywhere in the world. You can be in Palestine, you can be in Cambodia, Vietnam, China. It doesn’t matter,” explains Peter Abu al-Zolof, who founded Mashvisor more than a year ago with a friend.
Last week, Mashvisor became the first Palestinian company to get the support of the influential American 500 Startups venture capital fund.
It is one of a number of Palestinian startups in the Palestinian territories, long overshadowed by Israel’s so-called “Startup Nation.”
The online platform automates and analyzes US real estate data nationwide to find investors the best property deals.
As in Silicon Valley, the staff dress casually, drink coffee from state-of-the-art machines in garish colors, and pad through the office wearing US-made headphones around their necks.
But working in the West Bank brings unique challenges.
Since October 2015, a wave of Palestinian terrorism and violence has seen 36 Israelis, two Americans and an Eritrean national killed in stabbing, car-ramming and shooting attacks. According to AFP figures, some 238 Palestinians, a Jordanian and a Sudanese migrant have also been killed, most of them in the course of carrying out attacks, Israel says, and many of the others in clashes with troops in the West Bank and at the Gaza border, as well as in Israeli airstrikes in the Strip.
Abu al-Zolof’s friend and founding partner Mohamed Jebrini, who lives in Hebron, found himself stranded in the city as roads were closed, 45 kilometers (30 miles) from their Ramallah offices.
“He was stuck in Hebron and I was stuck in Ramallah and we were still working on our company,” explains Abu al-Zolof.
And the American-Palestinian says the online nature of what they do means they can avoid many of the frustrations for other companies in the West Bank, where the Israeli army checkpoints often present very physical challenges to commerce.
“There are no walls, there are no challenges, there is nothing that can stop this kind of thing,” he says. “It’s a virtual market, so there are no checkpoints where they tell you: ‘You can’t sell this. You can’t take this out of the country.'”
The company benefited from the support of the Ramallah-based Leaders, an organization that helps nurture startups.
Shadi Atshan, Leader’s director general, told AFP that in the start-up scene there was “no unemployment — unlike almost all other industries and economic sectors in Palestine which have high unemployment.”
“Those with good skills can earn a very high income.”
The unemployment rate in the West Bank is 18 percent, according to figures from the Palestinian Central Bureau of Statistics.
The Ibtikar investment fund has invested around $800,000 in ten start-ups so far, according to its executive director Ambar Amleh. She stresses their work is not charity.
“This isn’t work that should be funded by donors or grants. The expectations of making money should be there from the beginning because we are creating companies,” she told AFP.
Palestinians are still a long way behind Israel, where companies in Tel Aviv’s start-up scene regularly sell for tens or hundreds of millions of dollars.
In 2013, Google bought the Israeli traffic app Waze for more than $1 billion, a figure unimaginable in the Palestinian scene.
But Amleh points out the huge government support for Israeli start-ups, which don’t exist in the Palestinian territories.
“I think more and more people are starting to see that they really can make something they have been dreaming about come true.”
Times of Israel staff contributed to this report.