>Speaking from personal experience, Israel is the only place on earth with a startup ecosystem comparable to the Valley. Hm. So, I guess when I was starting m

>Speaking from personal experience, Israel is the only place on earth with a startup ecosystem comparable to the Valley. Hm. So, I guess when I was starting my company, the ability to make a lot of money myself made a huge difference; I was able to turn that money into a company... (Now, of course, I understand this isn't what most people do, and after doing it myself, I understand why most people don't do it that way. This isn't how I'm going to start my next company, if I ever start a company again.) The problem with Israel, (in my experience, which is approaching a decade old) is just that the pay there was very dramatically less, to the point where, yeah, if I had money, I might want to start a company there, sure, but I couldn't do what I did in silicon valley; I couldn't use my own labor to bootstrap the capital required to start a company, because my labor would be worth a small fraction of what it's worth in silicon valley.