Israeli Company That Pioneered Flash Drives Has Lessons for the Start-up Nation

M-Systems was a rare case of an Israeli start-up creating both a consumer hit and hundreds of jobs.

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"Dov had amazing timing. It couldn't have been better," says one former M-Systems employee, recalling the $1.5 billion sale in 2006 of the high-tech company that Dov Moran founded and led.