If you were to wait for the bus here in Sydney, there would be an orderly queue to get on. “Somewhere along the way – either at home, in school, or in the army – Israelis learn that assertiveness is the norm, reticence something that risks your being left behind.”Īssertiveness: Another value that should be mentioned is that Israelis do not stand on ceremony. Below is a quote from the book that describes Israeli assertiveness and the spirit of ‘chutzpah’. If you haven’t already, I highly recommend reading Dan and Saul Singer’s ‘Start-up Nation’. In Israel, there is a concept called the spirit of ‘chutzpah’ which ultimately is related to the highly important values of audacity and bravery. It can be said that Israelis are tenacious, forthright and are constantly selling their ideas and opinions.
Tenacity & Chutzpah:One of the reasons for Israel’s booming entrepreneurial scene, is due to the alignment of Israeli cultural values and the success criteria for entrepreneurs. In addition to this, I believe there are two interesting factors that should be discussed in relation to Israel’s entrepreneurial success Israeli culture as well as Israel’s physical geography. Significant funding is coming from global VC groups and corporate investors resulting in a strong acceleration of scale. This is completed by either buying start-ups themselves or investing in start-up companies.įor example, US retail giant Walmart recently acquired the Israeli start-up Aspectiva, whose focus is using AI technology to interpret consumer trends and opinions from the web in order for companies to create a better shopping experience.Īs a result of the two aforementioned synergies, there are a multitude of Israeli start-ups beginning to successfully go public in the US.Īn example of this is Israeli cybersecurity startup Armis being acquired by US-based Venture Capital (VC) firm Insight Partners, the deal valuing the start-up at $1.1 billion US dollars with the start-up setting up shop in Palo Alto. Although it is a small country made up of a little over 8 million people, Israel is fostering a flourishing eco-system of both invention and innovation.Īs a result of the prosperous innovation landscape in Israel, large corporates have set up subsidiaries with the intent of capturing the IP that is birthed in Israel. The start-up nation has been deemed the fourth most start-up-friendly country, only just trailing behind the United States, the United Kingdom, and Canada. Israel, also known as the ‘Start-up Nation’, is a leading innovation and entrepreneurship powerhouse that is giving the likes of Silicon Valley, Austin, New York, Beijing and Singapore a significant run for their money.
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