Globes: Israeli’s Would Rather Be Entrepreneurs Than Lawyers

Since I’ve started this blog I’ve been amazed by how many start-ups actually come out of Israel. Everyday brings news of at least two or three start-ups raising millions of dollars in financing, or exiting to a multi-national company for hundreds of millions of dollars. For each one of these, there are hundreds more languishing behind closed doors quickly brewing up the next big internet widget, water-cleaning solution or life-saving technology.

I, along with many other people, ask how this truly amazing phenomenon exists and wonder how long it will last. I — and not just for my blog’s sake — certainly hope that the trend continues. One thing is definitely certain: “Israeli’s Would Rather Be Entrepreneurs Than Lawyers.” That’s the title of the following very short Globes article reprinted here:

By Noa Parag (March 19, 2008)

A survey by Geocartography Knowledge for start-up 1500.co.il found that 45% of Israelis want to be partners in a start-up compared with 8% who want to be partners in a law firm and 11.4% who want to be a partner in an accounting firm. The survey also found that half of the respondents would continue their regular daily lives after selling their start-ups.The dream of being a partner in a start-up is especially prevalent among younger Israelis. 51% of respondents aged 18-34 cited this wish, compared with 36% of respondents aged over 55.
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