So many of the technologies we use is from here. So much of what the book talked about is not known or spoken about. New was to think outside the box.
Wonderful analysis of the components needed to build a successful startup ecosystem- while telling inspiring real life stories. Love this book.
The authors (Senor and Singer) use stories on Israeli startups to develop hypotheses on why Israel has many more startups than countries much larger in size and population, even with their constant challenges of war, location and terrain. They argue that military service before college helps young Israelis develop skills, become more resilient and learn to focus on their missions, all of which are useful traits in entrepreneurs. The educational system has a strong emphasis on science and technology, led by Technion, producing many engineers, scientists and inventors. Many of the diaspora return to Israel after gaining experience in the US and other countries. The large number of immigrants also leads to more entrepreneurs. Immigrants are inherently risk takers and are not afraid to fail. Government policies act as facilitators, with specific examples from Shimon Peres and Netanyahu. The evolution of several Israeli startups is covered, including Shai Agassi of electric car company Better Place, Gavriel Iddan of endoscopy camera maker Given Imaging, ICQ instant messenger and others. Large global companies have also established key R&D operations in Israel, including Intel, Google, Cisco, Microsoft and eBay. This audiobook is highly recommended to listeners interested in entrepreneurship and Israeli business history. After listening, you'll better understand why the number of startups per capita in Israel is very high compared to other countries. Narrator performance was very good.
Definitely one of my favorite non-fiction books. It was interesting to explore the psychology of another culture that doesn't have all of the same conventions as many other countries.
The reading was well done and the book was compelling.