Is the next Google being developed in Israel?

Israel has gained notoriety in recent years as being the Start-Up Nation, but not having a "tech giant", according to some experts. This in part has worked to Israel’s favor, creating a more stable economy that is not dependent on any one business giant to provide the economic influx of profit for the country. Should that business giant fail or flounder as did Nokia in Finland, the result could be devastating to the economy, whereas an economy based upon thousands of startups will stay afloat should one or even a number of them fail.

Gal Nahum, in his recent article that appeared on the Tech Crunch website, illustrates very eloquently why Israel never developed a “tech giant”. He lists the over-competitiveness of the startup nation as one of the reasons, and another due to the desire for Israeli startups to think only short term and accept low or mid-size buyouts ranging in price from 10 million to 100 million dollars. These buyouts, he claims, appease the Venture Capital sector and thereby allow innovators to relinquish the reins once the job demands more of a business management style of leadership, rather than an innovative style of leadership.