The key reason why people love to write about Israeli start ups
Item one: For the fourth consecutive year, Deloitte’s has rated Israel as the second best high-tech investment opportunity after the USA.
Item two: If you are looking for emerging hubs, the holy city of Jerusalem is now officially ‘on the tech map’, an amazing achievement for a city engulfed in a decades-old religious-geopolitical conflict.
What i am trying to explain is it seems how almost every day a leading tech website is discussing what is so hot about the Israeli start-up scene. For example:
- Forbes has discussed 3 Israeli start-ups that have made it without raising large sums of cash. My personal favourite is Curiyo, as led by the wonderful Bob Rosenschein.
- Business Insider has commented on the “27 hottest Israeli start-ups”.
- Entrerpreneur has looked at why countries such as Israel are so innovative.
I could cite more stories. What really brought this theme together for me was an item I read today about Or Offer, who founded Similar Web. An Israeli, he had been preoccupied with turning a small family jewelry business into an international brand. Then he hit a problem over potential competitors.
In trying to resolve the issue, Offer realised that his way of thinking and thus his potential solution was exposing an internet-based market that nobody had understood existed. Similar Web has since go on to raise over US$40 million and currently employs over 200 people globally.
The point? Israelis have an ability to identify an idea, see the commercial possibility behind it, and then use internal passion to drive the concept towards waiting investors. That is exciting. And that is why so many bloggers are devoting more and more space to what Israel has to offer the world.
….And if by chance you still you want further evidence of the amazing opportunities I have highlighted, just watch how these multinationals have long jumped on the band wagon.
0 comments