Amid the explosive growth of Israel's technology and startup scene, Silicon Valley shouldn't feel threatened. But the rest of the world should, according to Jonathan Medved, founder & CEO of OurCrowd, an Israel-based venture capital firm. 'There's a duopoly: Israel and Silicon Valley and everyone else is eating our dust,' Medved said. He also comments on the meltup in technology stocks in recent months and explains why he doesn't fear another tech bubble, similar to the one back in 2000. TheStreet's Scott Gamm sat down with Medved at the Israeli Capital Markets Conference in New York.