CheckPoint is one of the most successful companies in Israel. Started in the mid 1990s, it was one of the first companies in the world to sell a commercial "Firewall" product (their product was simply called "Firewall-1"). In few short years their sales grew exponentially and they became one of the most dominant firewall vendors worldwide.
When considering an investment, one of the first things a clever investor will try to determine, is whether you're a service company or a product company.
Startups are fueled by dreams. And those dreams are fueled by stories. One such popular story is about the 'visionary' startup founder. We all know the legends about Apple, google, Microsoft and Amazon and their visionary leaders. We often hear that these companies were successful because their founders wanted to do good, or to develop great products, or to help society.
Arnold Schwarzenegger recently said that the best decision of his life, was to move to the USA when he was at the beginning of his body building career. The former Mr. Universe (and governor of California!) could have stayed in Austria a bit longer; maybe become a local success, and get some money and experience to move to Hollywood and make it big.
All startups have one thing in common: they all need users. It doesn't matter what your business model is, or where you intend to get your funding. In fact, angels, VCs and other investors of all types, are all impressed by one number: users.
This is a time of tragedy and hurt, and so I will slightly change the theme a bit. Let us try to be positive and see the bright side of this wonderful country. I'll do this today by writing a bit on the positive sides of Korean entrepreneurs. Most of these are the reasons why I decided to invest in and support Korean startups, and why I truly believe in the "Creative Economy" vision.