All That Glitter Debunking the Myth of Israeli Startup Entrepreneurs’ Lavish Lifestyles

Not all wine and women. Well, there are plenty of big houses, cars and ski trips. But it turns out that Israeli entrepreneurs often invest their winnings wisely.

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In 2007, a company called Jimalaya entered the spotlight on news that it was being sold to a major American firm for $217 million. Jimalaya’s founders, four young entrepreneurs, became celebrities thanks to...