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Eric Schmidt, CEO of Google, was in Israel this week where he spoke in front of a group of students and researchers at the Weizmann Institute for Science in Rehovot. He had a great deal of good things to say about Israeli entrepreneurs.
First, Schmidt explained Israeli successes in hightech by attributing it to a will to break the rules. “Israel is booming in terms of entrepreneurship because you have a culture to challenge authority and to question everything. You’re not going by the rules.”
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This has led Schmidt to want to invest in the country. He said, “The influence that Israelis have on science and technology is tremendous; that’s why I’m here, and that’s why I invest here.”
He also advised the students to take risks if they want to succeed. “You have to make big bets. If you’re building something, try to solve problems for the entire world, ” said Schmidt.
