That Israel as a country beats us in per capita investment is an interesting figure which we should all consider.
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.
Most Israelis are not in hi-tech industries, so it is unfair to compare SV to Israel.
I would like to see how the numbers compare for hot cities in Israel vs. the U.S., and I also think we should obviously try to raise the national number. I am not in the valley myself, so that would certainly help me!