Chutzpa And All Things Startups About The Israeli Ecosystem
At an important “Startup India Standup India” meet was held on January 16 this year where the media was taking so much interest in Uber’s Travis Kalanick, also saw an American who raised a few questions. CEO and Co-founder of WeWork, Adam Neumann, who received a major position on a platform with Indian Prime Minister, is a former Israeli naval officer, who spent his time in a Kibbutz in Israel. This 36 year old entrepreneur has established a $ 10 billion joint work space business in various US countries, London and Israel and is now planning to expand in India also.
While having a talk with a group of entrepreneurs along with the students at the Indian Institute of Management, Bangalore(IIMB) last week, Elena motivated entrepreneurs to ask questions. “Do not be polite and keep quite” .We Israeli are not polite, and entrepreneurs should not be polite,” She suggested. Elena first time took the feel and flavor of the Indian startup ecosystem.
In 2015, Israeli startups made $5 billion in exits. “In 2013, we had our biggest exit (Google’s $1 billion acquisition of Waze and mobile data optimisation startup Onavo’s acquisition by Facebook for $120 million) and our biggest failure (Better Place and Xeround). In 2014, we had our biggest IPO by Mobileye, an app that prevents car accidents using sophisticated vision algorithms. In 2016, we are hoping we’ll do some great things,” said Elena.
One of the major factors that have donated to a strong ecosystem is through the guidance of more than 300 R&D centers of original tech companies like HP, Microsoft, Google, Facebook and various others.