Many college students and adults want to start their own company as they think they have the next million dollar idea. However, only a few of those entrepreneurs actually succeed while many others go bankrupt. In this article, I will discuss what I believe to be the most important characteristics of a successful startup.
Israel, a small nation of less than 10 million people tucked in the western corner of the Middle East, has both the most venture capital per capita and the most startups per capita out of any other country in the world, thus being dubbed “the Startup Nation.” Their culture of ingenuity, adeptness at recognizing and developing talent, and emphasis on tech can all be attributed to their success in startups. However, these traits did not emerge in a vacuum.