The historic 2010 dual graduation of Israel to developed country status both within the OECD and MSCI country indexes should have opened its markets to a much larger pool of foreign investors. Instead, there has been a real decrease in foreign portfolio investment and an increase in local portfolio outflows, reducing the future of the local capital investments and overall economic growth.
Kira Radinksy, co-founder and chief technology officer of Israeli startup SalesPredict, is something of an anomaly among the leaders of Israel’s proud “startup nation.” And not just because she was a child prodigy who started her computer science career at the Technion - Israel Institute of Technology at age 15. Rather, it’s that she’s a woman.
Few aspects of Israeli society are dearer to the national identity than its high-tech sector — a class of entrepreneurs so churning with ideas and innovation that they have earned Israel the title of “startup nation.”
Just a couple of years ago, the Israeli entrepreneurs behind the traffic-fighting smartphone app Waze were knocking down the door of every news outlet in Los Angeles. They were seeking publicity to help forge their way into the iPhones and Androids of L.A. drivers by promising some reprieve from “Carmageddon” weekend on the 405 freeway.
Mickey Haslavsky of Holon is only 18, but he’s already on his second startup.