Bringing the Startup Nation Home: Lessons from Israeli High Tech
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Transcript of Bringing the Startup Nation Home: Lessons from Israeli High Tech
BRINGING ISRAELI HIGH TECH HOME
AGENDA• Little about me
• More about what makes Israel the Startup Nation
• Examples of Startup Nation successes
• Discussion, Q&A: How to apply the lessons you’ve learned in Israel to your JCC experiences
General Partner, OurCrowd
Founder, Editor-in-Chief, Tradestreaming
Forbes columnist
Published author (Tradestreaming Your Way to Profits: Building a Killer Portfolio in the Age of Social Media — Wiley, 2010)
Financial technology industry consultant
About me
Growing up in the JCC, my family was:
• Connected Jews (though not religious — we became more religious later)
• Went to public or private, non-denominational schools
• Zionistic
• Socially Jewish (camps, holiday activities, Federation, March of the Living)
• Active in local Jewish organizations
• Friendly with Jews across spectrum
• Present at most JCC events, camps, sports leagues
OLD MIAMI BEACH JCC
BRINGING ISRAELI HIGH TECH HOME
ISRAEL HIGH TECH LANDSCAPE
• 4000+ startups
• 50+ accelerators, working spaces
• 250+ R&D centers
• #1 startup ecosystem outside the US
• #3 in NASDAQ traded companies
as per Rackspace’s Alan Weinkrantz
“IT MAY TAKE A VILLAGE TO RAISE A CHILD, BUT IT TAKES AN ECOSYSTEM TO RAISE A SUCCESSFUL STARTUP”- Zack Miller
BRINGING ISRAELI HIGH TECH HOME
PROOF IN THE PUDDING: ISRAEL IS THE TOP STARTUP ECOSYSTEM OUTSIDE THE US
IF YOU’RE GOING TO THE MIDDLE EAST TO LOOK FOR OIL, YOU CAN SKIP ISRAEL. IF YOU’RE LOOKING FOR BRAINS, LOOK NO FURTHER.
Warren Buffett
BRINGING ISRAELI HIGH TECH HOME
BRINGING ISRAELI HIGH TECH HOME
ISRAELI SCIENTISTS FIND NOVEL SOLUTIONS TO NAGGING PROBLEMS
▸ Example:
▸ Problem: Blood borne diseases are hard/expensive to detect in emerging economies, where testing is needed the most
▸ Solution: Take engineers, computer programmers, algorithm developers, machine vision experts and biologists and come up with a machine that detects blood borne diseases quicker, better, cheaper than human lab techs
BRINGING ISRAELI HIGH TECH HOME
ISRAELI SCIENTISTS SCRATCH THEIR OWN ITCHES
▸ Spinal injuries confine people to a life in a wheelchair
▸ Solution: Create a bionic exoskeleton that with a push of a button, enables a paraplegic to stand and walk
▸ How: Amit Gofer experiences an injury that left him paralyzed. He envisioned a world not of better wheelchairs but of getting people back on their feet, moving.
WE ARE NOW SIMPLY SEEING COMPANIES THAT START HERE HAVE BIGGER AMBITIONS.Ravi Mhatre, Lightspeed Ventures
“Maybe it’s time for us to think about ourselves as a country going from a startup nation to a high-tech nation, where startup is the first step, but companies are still built in Israel, maintained in Israel and grow from Israel.”
— Wix’s Avishai Abrahami
Scaling up Israeli high tech
BRINGING ISRAELI HIGH TECH HOME
ACCORDING TO ALLTHINGSD:
• Google acquires Waze for >$ 1billion
• Facebook acquisition talks with Waze in 2013 failed in part because of conflicts over whether or not the Waze team could remain in Israel
BRINGING ISRAELI HIGH TECH HOME
SUMMARY: THE STARTUP NATION
▸ Create ecosystems
▸ Establish a culture of resourcefulness
▸ Color out of the lines
▸ Cross pollinate
▸ Scratch your own itch
▸ If it’s working, double down
How do you bring the lessons of the Startup Nation back to your local JCC?
Think about:Local ecosystems
Culture of resourcefulness
Cross pollination
Scratching your own itch
Doubling down on success
–Mick Weinstein, VP Marketing, BillGuard (formerly, Editor in Chief,
Seeking Alpha)
“Zack is a must-read for anyone in fintech. ”
Published author, sought-after speaker, top podcaster, Forbes columnist, About.com Expert
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