Fast Money - Comment - Israel News | Haaretz Daily Newspaper
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    • Jake in Jerusalem
    • 19.12.12 | 12:23 (IST)

    For many Israeli hi-tech entrepreneurs, hi-tech is all about making a quick "exit". They want to quickly turn their investment ideas into big money and then get out. This attitude does not build a future, nor an industry nor a country or society. Bill Gates, Steve Jobs and the Google boys did not look for a quick "exit". They stayed with their companies and made billions - and now employ large numbers of talented people and also have strong futures to look forward to. Shwed of Checkpoint is an exception in Israel - he has stayed with his company. Teva stayed Israeli, too. They haven't done badly by shunning an exit profit. The Quick Buck principle so popular in Israel is no way to build a future.

    from the article: Start-up nation is being starved by the state
    First published 06:20 19.12.12 | Last updated 06:20 19.12.12
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