Central Bureau of Statistics reports that 65% of Israeli start-ups actually make it past elusive fifth year in business
Israel is defying the odds again. Breaking with conventional data that defines the high-tech world, the Central Bureau of Statistics is reporting that 65% of Israeli start-ups actually make it past the elusive fifth year in business.
This is a shocking revelation because based on the venture capital model followed by the high-tech industry, normally only one out of every 10 start-up businesses offer a real return on their original investment.
This same survey also reported that the amount of start-ups working in Israel increased by 66% from the time the high-tech bubble burst in 2003 until 2008.
Source: ShalomLife