While Israel boasts the most high-tech start ups per capita in the world, its high-tech industry is mired in adolescence, as successful companies are generally acquired by larger, foreign corporations rather than remaining in Israel to grow to maturity, the Wall Street Journal report Thursday.
An absence of later-stage funding for companies, as well as a lack of local management skills contribute to the problem, according to analysts and CEO's of high-tech companies, but an Israeli mentality toward short-term thinking is a big factor as well."
