Author: OurCrowd

Not for nothing is Israel the #2 startup ecosystem in the world — it has more high-tech startups and a larger venture capital industry per capita than any other country. Silicon Wadi has become a world leader in startup success. How did Israel become a startup superpower? The reason for Israel’s high rate of success is a largely debated topic. In their best-selling book Start-up Nation, Dan Senor and Saul Singer attempted to explain Israel’s success by pointing to two major factors that contribute most to its economic miracle: immigration and mandatory military service. Others have claimed that Israel’s success is due to great educational institutions, tax cuts and focused government funding policies, the country’s seclusion and limited natural resources that evoked a survival-at-all-costs mentality or simply the illustrious chutzpah characteristic of Israeli culture that sparks innovation. In an article in Entrepreneur Magazine, Israeli serial entrepreneur Avishai Abrahami argues that the actual secret ingredient of the Israeli startup world is “paying it forward.” Abrahami bases his argument on his own personal experience and success story: When my company was still in its early stages, it never ceased to amaze me just how helpful colleagues from other Israeli ventures were. Whether...