Israel is often considered a paradise for startups, but not all startup firms agree. Oren Kaniel is one of the entrepreneurs holding a different opinion about startups in the country.
Although it is true that lots of Israeli youngsters are aspiring to create their own companies, most of them are too short-sighted and few are able to truly build and grow a startup into a big company, Kaniel told the Hong Kong Economic Journal.
But he said he is determined to turn his company AppsFlyer into a real success story.
A lot of core innovative technologies created by Israeli startups were sold to investors at too early a stage, the co-founder of AppsFlyer said.
Despite the fact there are many venture capitalists in the country, there is a lack of capital committed to the long term. Most people prefer to make quick money, he said.
AppsFlyer tracks million of apps and analyze the most cost effective way for them to promote themselves online.
Kaniel said the firm’s biggest success so far comes from helping Chinese firms expand overseas.
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