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Source: http://www.bloomberg.com/apps/news?pid=20601039&sid=ahJ9KwauXrlM
Start-Up Nation: Israel's High-Tech Success
[Bloomberg] Amity Shlaes - A survey last May of non-American companies on the Nasdaq counted three Korean companies, five Irish businesses, five from the UK and six from Japan. Israel had 64. In 2008, Israel drew more than twice the venture capital per citizen than the U.S. It drew 30 times as much VC cash as continental Europe. As Dan Senor and Saul Singer point out in Start Up Nation, the Israeli record of innovation has to do with a high level of education for both men and women, financial reforms, Israeli tolerance for failure, the immigrant personality - that of the self-selected risk-taker willing to start over, and advantages related to military service.