I read the "Start-up Nation" book last week. This book was so engrossing that I read it within 2 days, keeping aside everything else.

After reading this book, I started seeing the patterns about Israel being high tech hotspot, for example consider just two pieces of news in the last 3-4 days: Apple buying Anobit, an Israeli company, for $500 million as well as building a research center in Israel and Cornell won the bid to build a university in New York city… in collaboration with Technion university of Israel.

What is important

This book taught me the importance and inter-play of:

• Entrepreneurism
• Venture capital
• Being committed to own business and country at same time
• When people are pushed for survival, only then do they show the zeal for entrepreneurism and trade – otherwise nation becomes lazy
• Size of country does matter
• Government policies
  • For example, the world’s richest man has to go to a different country to develop new nuclear energy technology.
• Immigration
• Technology as future growth
• Multiple fields learning
• Defense Forces
• Liberalization and freedom of speech

To highlight in a bit more detail, I have picked a few quotes and insights from each chapter:

0. Introduction

• Story of Shimon Peres and Shai Agassi pitching Better Place to auto manufacturers – Better Place is re-thinking electric vehicles by making fuel stations swap out your battery with a charged one instead of pumping petrol or diesel into the car, highly ambitious, executed first in Israel, now in China, etc.

1. Persistence

• Story of "Fraud Sciences" company pitching to Paypal to use their fraud detection service – Paypal ended up buying them so that the competition doesn’t get them – idea came from founders who were soldiers in the Israeli army hunting down terrorists – they found hunting frauds easier.