Why are these billionaires doubling down on Israeli investments?
Bill Gates attributes it to the people. The unique experiences and skillsets in Israel set it apart from similar types of companies in Silicon Valley. He has been quoted as saying, “While startups in Israel are similar to those in Silicon Valley, there are specialists in Israel in fields like information security who get much of their experience from their service in the army. The science and technology curriculum in Israeli universities is also of a very high standard,” he continues, “The level of technological integration in the country is evident. The use of fast speed internet, lap tops and cell phones is advanced here and puts Israel at cutting edge of world technology.”
Warren Buffett, on the other hand, attributes it to the Israeli government. In an interview with an Israeli paper, Buffet commented on the positive climate for investors provided by the Israeli government. He said that Israel is “a nation of entrepreneurs with fantastic capabilities. You [Israel] need to continue providing the best and most comfortable conditions for investors. This is the responsibility of the government, which ensures a positive climate for investors.”
saying, “We like to have our finger on the pulse of everything regarding new technologies and I know that in this Israel is a world leader, so we are interested in Israeli developments.”