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PDF download Start-up Nation: The Story of Israel's Economic Miracle

Pick up the key ideas in the book with this quick summary. According to Senor and Singer, being from Israel can give you a considerable head start. This book summary show how Israel has become a global powerhouse in innovation and entrepreneurialism. Its culture and geopolitics make the country swirl with both creative and sustainable start-ups developing everything from electric cars to money transfer systems.

The media invariably offers a skewed portrayal of Israel, only reporting on its ongoing political conflicts with neighboring countries, conflict with the Palestinians, or the Iranian nuclear issue. But a major facet of Israel is often disregarded, and that is its economic and innovative achievements. Many people are unaware that Israel represents one of the most densely concentrated centers of innovation and entrepreneurship in the world. In fact, Israel is the word leader when it comes to the percentage of the economy spent on research and development.

As a result, Israel also has the highest density of start-ups in the world, with a total of 3, — one for every 1, Israelis. Cisco, for example, has acquired nine Israeli start-ups and is on the hunt for more. Israeli start-ups also reel in a large amount of venture capital, which is the most crucial measure of technological potential.

In , venture capital invested per capita was two and a half times larger in Israel than in the United States, more than 30 times greater than in Europe, and 80 times greater than in China. One example is BetterPlace, which was founded to promote electric cars. There are well-known disadvantages to electric vehicles, such as expensive batteries, a short driving range, and a lengthy recharge time.

So BetterPlace used this to their advantage by leasing car batteries and creating stations where the batteries could be swapped. Israeli people live in, and are framed by, a culture of rebelliousness, informality and assertiveness. In , PayPal bought the Israeli start-up Fraud Sciences — a company offering solutions to online payment scams.

Scott Thompson, president of PayPal at the time, stated that the demeanor of the Fraud Sciences employees during his first meeting made quite an impression on him. Whether at home, in school, or in the army, they learn that assertiveness is welcome and expected. Israeli people are also traditionally open to questions and foster an anti-hierarchical ideology. Questioning is built into the Jewish faith thanks to centuries of Rabbinic debates concerning the interpretation of the Bible.

These open-ended interpretations and counter-interpretations produced a culture of doubt and argument that spilled over into civilian life. As a result, anti-hierarchical mind-sets are present throughout Israeli society. Take the Israeli military: the Israeli army is deliberately understaffed at senior ranks, because fewer senior officers lead to more individual initiative at lower levels.

In addition, once a year, thousands of men are enlisted into the military reserve forces. This curtails social hierarchy because in the reserves, taxi drivers can give orders to millionaires, and young adults can train their older relatives. Because every Israeli has to serve in the army for a minimum of two years, their military is an integral part of society.

In Israel, all year-olds must report to military recruiting centers for screenings that include psychological testing and medical evaluation. Those who do particularly well in the screening are offered training in the military elite units — the highest of which is the Talpiot unit. Talpiot cadets complete an accelerated university degree in math or physics while they are introduced to the technological requirements of all military branches.

The aim of this is to mold them into leaders who can seek out cross-disciplinary solutions to military problems. Furthermore, the military is a space where young men and women work closely with people from different cultural, socioeconomic and religious backgrounds.

Learning how to deal with a wide variety of people is something that the cadets can benefit from later when dealing with international business partners. As an added bonus, many business connections can be formed during the long hours of operations and training.

The first came during to , and the second is still happening today, having started in During these leaps, Israel was transformed from a less-developed country into a trailblazing hub of innovation.

Kibbutzim were created as agricultural settlements devoted to abolishing private property and forming an egalitarian community. They were both hyper-collective and hyper-democratic, and through them technological breakthroughs were made. For example, in the Hatzerim kibbutz in the Negev Desert, the soil was found to be too salty and troublesome to cultivate adequately.

To solve this dilemma, the members of the kibbutz came up with a way to flush the soil so that they could grow crops there. They were successful, and in , the kibbutz started a business to manufacture irrigation systems. This was the beginning of what became Netafim, a global drip irrigation company.

In , the Israeli government began an initiative named Yozma that offered tax incentives for foreign venture capital investments in Israel, and promised to double any investment with government funds. This created an eagerness in the US venture community to invest in Israeli start-ups, allowing the Israeli tech scene to participate in the tech boom of the s.

Eventually the Yozma program created a new venture capital industry which revamped the Israeli start-up scene. Imagine being able to have anything you want for dinner, from Yemeni cuisine, to Russian specialities, to Mediterranean dishes.

This is a reality in Israel, which is home to over 70 nationalities and cultures due to large influxes of immigrants. Take, for example, the Russian Jewish immigrants. By the s, large waves of Russian Jewish immigrants began to arrive after the fall of the Soviet Union.

Russians with doctorates and engineering degrees flowed into Israel in huge numbers. Though finding jobs and building houses for the new arrivals was quite an undertaking for the government, the Russians had arrived at an ideal time. The Russian engineers were the right people for Israeli tech start-ups and contributed a great deal to their success. An influx of new talent is a considerable benefit to the economy, but what about those leaving the country?

Well, the movement of Israelis to and from the country also helps foster its economy. For example, after earning an engineering degree at Ben-Gurion university in Beersheba, Israel, Michael Laor attained the position of director of engineering and architecture at Cisco in California. In , 11 years later, he decided to return to Israel. In order to keep hold of such a talented employee, Cisco agreed that Laor should start a research and development center for the company in Israel.

Israel is surrounded by political adversaries on every border and is in a constant state of conflict. This may seem harmful to the Israeli economy, but these geopolitical circumstances have actually been advantageous in the long run. Israel has managed to turn its political isolation into an economy built on knowledge and innovation. Living in such isolation, it was therefore natural for Israelis to look internationally and embrace fields in technology and telecommunications, which would make borders and distances essentially irrelevant.

In addition, Arab trade boycotts forced Israel to export to markets further abroad. As a result, Israeli companies spurned the production of large, readily manufactured goods with high shipping costs in favor of small technical components and software. Initially, Israel opted to buy large weapon systems from other countries, as opposed to investing the massive resources required to produce them. After , Israel formed an alliance with France, which included the French supply of military equipment and fighter aircraft.

But in , France withdrew its military support, leaving Israel exposed and vulnerable considering its geopolitical situation and the continual risk of war with neighboring countries. The impressive technological talent that was poured into military projects was later unleashed into the economy, where military engineering graduates entered the private technology sector and helped instigate the high-tech boom.

The Israeli start-up scene may seem fairly established, but it began just over a decade ago. A dwindling venture capital supply means less money for Israeli start-ups. This was already evident during the global financial crisis in , which reduced the dollar amount available for venture capital investments. With insufficient financing, many Israeli start-ups were left with no choice but to shut down. When those economies fall on hard times, this means fewer customers for Israeli start-ups.

Due to the Arab trade boycott, Israel has no access to the majority of regional markets and the domestic market is simply not big enough to act as a substitute. Among Arab women and Haredi men, these percentages are almost reversed: 79 percent and 73 percent, respectively, are unemployed. The primary reason behind this low participation is that these groups generally do not serve in the army.

This means that they are less likely to learn and develop the entrepreneurial skills that the army offers, and they cannot cultivate the business networks that Jewish Israeli youth form while in the military. Israel is home to a high density of innovation and entrepreneurship and an impressive number of creative start-ups. Suggested further reading: Startup Rising by Christopher M.

The Arab Spring uprisings left much of the Middle East politically unchanged, but they made a whole lot of noise. Through stories of Middle Eastern entrepreneurs living in Beirut, Amman, Dubai, Istanbul and elsewhere, Startup Rising shows an entire region reinventing itself as a center of economic opportunity.

Start-Up Nation Key Idea 1: Israel has a high concentration of innovation and entrepreneurship — fertile grounds for creative start-ups. But why is the start-up scene flourishing so well in Israel and not elsewhere? Start-Up Nation Key Idea 2: A culture of doubt and argument, assertiveness and informality shape the national ethos of Israel.

Start-Up Nation Key Idea 3: The Israeli military serves as an incubator for high-tech start-ups and prepares its cadets for business environments. Start-Up Nation Key Idea 4: The collective kibbutzim communities and a new venture capital industry characterize two great leaps in the Israeli economy. Immigration has also boosted the Israeli economy in other ways.

Moreover, Israel turned its enduring military threat into an advantage in the high-tech economy. Israeli companies also lean too heavily on export markets. In Review: Start-Up Nation Book Summary The key message in this book: Israel is home to a high density of innovation and entrepreneurship and an impressive number of creative start-ups. Schroeder The Arab Spring uprisings left much of the Middle East politically unchanged, but they made a whole lot of noise.

Start Up Nation Ebook Pdf Collections

Five founders pick the best books for startups. One French entrepreneur recommends a literary classic she's read 20 times and says the principles within it. No more excuses. Laitin, Stanford University "Nation Building is an exemplary piece of social science imagenurbanaelquisco. All you need to know from idea generation to getting your first paying customers.

Start-Up Nation Summary and Review

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Pick up the key ideas in the book with this quick summary. According to Senor and Singer, being from Israel can give you a considerable head start. This book summary show how Israel has become a global powerhouse in innovation and entrepreneurialism. Its culture and geopolitics make the country swirl with both creative and sustainable start-ups developing everything from electric cars to money transfer systems. The media invariably offers a skewed portrayal of Israel, only reporting on its ongoing political conflicts with neighboring countries, conflict with the Palestinians, or the Iranian nuclear issue.

The Council on Foreign Relations states in its publisher's blurb for the book that Start-up Nation addresses the question: "How is it that Israel—a country of 7. The success of Israel's high-tech sector over the past two decades has attracted recent attention from business journalists and The Economist describes Start-up Nation as the most notable of a "growing pile" of books on the subject. In their attempt to explain Israel's success in this area, Senor and Singer discard "the argument from ethnic or religious exceptionalism, dismissing 'unitary Jewishness' or even individual talent as major reasons for Israel's high-tech success" and analyze two major factors that, in the authors' opinion, contribute most to Israel's economic growth. Those factors are mandatory military service and immigration.

With the savvy.

Без воска… Этот шифр она еще не разгадала. Что-то шевельнулось в углу. Сьюзан подняла. На плюшевом диване, закутавшись в махровый халат, грелся на солнце Дэвид и внимательно за ней наблюдал.

Беккер мчался, не видя ничего вокруг, постоянно сворачивал, избегая прямых участков. Шаги неумолимо приближались.

5 Response
  1. Denisse S.

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    In my past, I founded and ran Oranim Educational Initiatives for 25 years bringing almost , young people to various trips to Israel.

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