The bestselling book Start-up Nation: The Story of Israel’s Economic Miracle (by Dan Senor and Saul Singer) was published in 2009. More than a decade later, Israel’s status as a major start-up center has been cemented in people’s consciousness all over the globe. In the past, Israeli start-ups were sold to large international companies for an impressive quick profit. More recently. however, Israeli entrepreneurs have held on to their start-ups — many of which have been valued at $1 billion or more (unicorns) —- and guided their growth.
Quote: ” ‘Counting just the unicorns that have their main operations or headquarters in Israel, the count is 14,’ says Yaron Samid, founder of the 3,000-member TechAviv global Israeli startup founders club. ‘We have entered our Scale-Up Nation era, and top-tier global late-stage funds, multinational corporations, and top talent globally have taken note.’ ”
Sources: Wikipdia, Israel21c.org
Learn more about what the term “unicorn” means in business and finance on Wikipedia. >>
Read “7 Key Differences Between Startups and Scale-ups” >>
Read “Israel becomes scale-up nation with more unicorns per capita” >>
Read “Unicorn Sightings: 15 Israeli-Founded Firms Join the Billion Dollar Club in 2020” >>
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