What are the new trends in Israeli technology entrepreneurship? High technology not only limits the internet

Caption Photography: Dave Bender

Invited by the British company, the Tiger sniffed at the innovation-themed visit to Israel. Yuchihu 360 first executive Zhou led the trip lasted a week, this article series of the first article:

Dialogue Sauls Singh

Sauls Singh's most famous identity is the author of the "Country of entrepreneurship" and a member of the Advisory Board of a VC fund. The first agenda of the trip was a breakfast meeting with Sauls Singh.

In his welcome speech, Mr Singh first praised the achievements of China's economic development, and it is clear that Israel aspires to China's economic size and market potential. The views he mentioned in his speech were based on the book "The Country of entrepreneurship", so members of the mission asked Mr. Singh about some of their concerns.

High technology, not only internet

In response, Mr Singh pointed out that Waze's recent sale to Google was a display of Israel's achievements in the Internet, but Israel's technological innovations are not limited to that, and in fact there are a number of startups that are tackling a variety of problems in many areas, especially with the help of smartphones, Mobile applications can be combined with these solutions. This is also a new trend in the current Israeli technological innovation.

Moreover, Waze's acquisition has a representative meaning that Israeli companies can also dabble in the consumer internet sector, where many Israeli companies are already ploughing the consumer internet market. The last successful investment-backed consumer Israeli internet company, also traced back to the 1996 acquisition by AOL, Icq,waze the prospect of more successful exit cases.

Do Israelis ' thinking and personality traits contribute to innovation?

In contrast, debates and discussions within Chinese companies tend to lead to "emotional", Zhou to Mr Singh, hoping to start by talking about "the country of Entrepreneurship", which describes the culture in which Israelis like to debate and challenge each other. Mr Singh said Jews liked to discuss and challenge authority, such as the Talmud, a Jewish classic that recorded a dialogue between priests and wise men. The important thing is not just to let the winner's point of view be expressed, but also to show that it will be on the side of the underdog, rather than talking about opinion.

"Hello, I want to buy you." "No problem." ”

In response to questions raised by Tiger sniffing, Mr Singh pointed out that, indeed, there has always been a self-critical voice in the Israeli entrepreneurial world, which is that Israeli companies have developed core technology, but are often bought by (especially large companies in the west), can Israel's technology ventures be limited to this? Consider the issue from a different angle, It is not difficult to come up with an answer.

When Singh visited other countries, the most asked question was: "Why are there so many startups in Israel? And we're all big companies here?" What Mr Singh wants to ask is, "Why isn't there so many big companies in Israel?"

Companies like Facebook and Apple are based on existing technology, using marketing and other tools to make people keen to buy or use their products or services. Historically, Israeli entrepreneurs have been very strong in technology research and development but have no knowledge of the market. In addition, Singh also pointed out that the Jewish "dissatisfied" character can not adapt to the big companies to nine to five of the ease of life, the Jews in thinking about one thing, always think there must be a better solution. These are the reasons why Israel has not produced many large companies. Moreover, given Israel's size and population, some companies are still known as start-ups, but they are actually relatively small.

Mr Singh argues that Israelis take it for granted that they have many startups. In fact, this is a big advantage for Israel. If the country is regarded as a person, the cooperation between nations should be complementary to each other as the people with different advantages cooperate with each other. The takeover of Israeli start-ups by American companies is precisely a complement of advantages. Mr Singh seems to think this is a reasonable development model. Israelis are less "unsatisfied" with acquisitions.

Still, Mr Singh said that, inspired by Waze, more startups now have the confidence to hold on to a longer period of independence in the face of a takeover offer and gain greater profits. As in the past, there will be fewer and less cases of consent to be sold as soon as the phone is received.