5 Steps That Turned Israel From Socialism To Startup Haven. In 2012, 660 Israeli high tech companies received $1.9 billion in venture capital. BENNY QUETELL PRIVATE EQUITY,VENTURE CAPITAL,HEDGE FUNDS INVESTMENT BANKING

JERUSALEM, ISRAEL - JANUARY 31: Israeli President Shimon Peres (R) meets with representatives of Hadash. (Image credit: Getty Images via @daylife) Israel is widely hailed as a Start-up Nation — hosting more NASDAQ-listed companies per citizen than any country. But not so many years ago, it was the opposite of that – a country that prized socialism and distrusted capitalism.

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