1. The new York times best seller
Start- up nation
The story of Israel's economic miracle
Dan senor and Saul singer
Submitted by:
Komal sharma

2. introduction
The book is about INNOVATION and
ENTREPRENEURSHIP and how a small
country like ISRAEL came to embody
BOTH.

3. Remarks about Israel
• It has more companies listed on NASDAQ than any
other country in the world.
• Israel is the world leader in percentage of the economy
that is spent on R&D.
• Google CEO and chairman Eric Schmidt said after US
Israel is the best.
• Cisco alone has acquired nine Israeli companies and is
looking to buy more.
• There are more new innovative ideas than recycled
ideas. – Paul Smith (sr. vice president Philips Medical).

4. Chapter 1
Nice speech, but what are you going to do??
--- Shimon Peres to Shai Agassi
• Idea about how to make a country completely oil
independent.
• First step was to find a way to run cars without oil.
• Carlos Ghosn, the CEO of Renault and Nissan finally
appreciated the idea.
• “Better Place” would be like a cellular provider
• Israel is a unique combination of audacity, creativity and
drive everywhere you look.

5. Chapter 2
PERSISTENCE
• Scott Thompson was the president and former
chief tech officer of PayPal, the largest
Internet payment system in the world.
• Shvat Shaked, a kid employed at Fraud
Sciences.
• Thomson gave the 100 thousand transactions
to Shvat.
• Fraud Sciences had performed 17% better and
was acquired by PayPal for $169 million.

6. observations
• Nickname barometer
• Informality
• Intelligent failures
• Undistracted
• Young employees

7. Chapter 3
battlefield entrepreneurs
• Dilution of hierarchy and rank
• Unconventional way to challenge senior
officers
• The key for leadership is the soldiers
confidence in their commander.

8. Chapter 4
the people of the book
• Book means a collection of journals, handwritten “BIBLE” of
advice from one traveler to another.
• There is a sense of a mental prison living in Israel surrounded
by enemies.
• Official boycott by twenty two nation Arab League.
• High tech telecommunications became a national sport as
Israel was forced to export to faraway places.
• Netafim, an Israeli company and largest provider of drip
irrigation system in the world.
• Israelis are always making a pitch for Israel.

9. Chapter 5
harvard, princeton and yale
• Admission at IDF elite units.
• Talpiot program
• Nowhere else in the world people work in a
center of technology innovation.
• In Israel you get experience, perspective and
maturity at a younger age when they are
barely out of high school.

10. Chapter 6
where order meets chaos
• Apollo 13, IAF colonel Ilan Ramon
• Columbia space shuttle, foam dislodgement.
• Israel focuses on experimentation than
standardisation.

11. Chapter 7
an industrial policy that worked
• History of Israel economy includes 2 great
leaps: stagnation and hyperinflation.
• 1946-1966 – large scale investments
• 1966-1968 – zero economic growth
• 1970- 1980 – lost decade (govt. monopoly)
• 1980-1984 – hyperinflation of upto 445%
• 1984…… -- privatizations

12. Chapter 8
immigrants
• In 1948, its population was 806000 .
• Current population of 7.1 million.
• Nine out of ten Jewish are either immigrants
or first or second generation descendants of
immigrants.
• Anti Semitism.
• A nation of immigrants is a nation of
entrepreneurs.

13. Chapter 9
the diaspora
• Cisco CRS-1
• Acquisition of 9 Israel start ups.
• Intel core to duo.
• Brain circulation (Michael at Cisco and Dov at
Intel)
• Israel aircraft industry.

14. Chapter 10
the buffet test
• For our customers around the world, there is
no war.
• Warren buffet acquired Iscar, the machine tool
co. in Israel.
• Lebanon war in 2006.
• BIRD (BINATIONAL INDUSTRIAL RESEARCH &
DEVELPOMENT)

15. Chapter 11
betrayal and opportunity
• Charles de Gaulle betrayal.
• Launched satellite in 1988
• Multitask mentality.
• Given imaging (PillCams)
• Beta O2 (artificial pancreas)

16. Chapter 12
Threats to the Economic miracle
• Recession
• Iranian nuclear missile strike
• Brain drain
• Women bias
• Infrastructure.

17. Conclusion
• A farmer of high tech.
• Change and change.
• Flat, nurturing and collectivist economy.
• Survival through success.
• Failure is not a stigma.
• Ideas

18. Thank you