I am decidedly unimpressed by what the Israeli IT sector has been able to achieve, despite the strong branding effort as a 'Startup Nation'. There can be no qu

I am decidedly unimpressed by what the Israeli IT sector has been able to achieve, despite the strong branding effort as a 'Startup Nation'. There can be no question that Israel is firehosed with money, both from states and private sources and everything in between. I personally know of at least a few of the biggest corporations in this medium-size European country that has a stated policy of buying practically any Israeli technology that is punted. Lots of other large multinationals pour money into Israel as a point of policy, see Coca-Cola, Google, Procter&Gamble and many others. They have very little to show for it in my opinion, in fact the only successful IT companies I know of out of Israel are ICQ (!) and Fiverr. They have a bunch of B2B businesses, but a lot of their revenue can be chalked up to official or unofficial support programs as mentioned, which is probably why they, and their products, are mostly completely unknown outside their small niches. I also heard accounts from from several IT workers in Israel that the work culture is quite inefficient if not downright lazy.