 Unicorns do exist, but maybe not the kind you're thinking of. My name is India, and today you are about to get a special look into the land of unicorns. A unicorn startup is a privately held startup that is valued at over $1 billion. Israel is known for being the startup nation. You might even recognize a few former Israeli unicorns, including Fiverr, Wix and Waze. And Israel has the most unicorns per capita in the world, making Israel the land of unicorns. This is impressive because Israel is a tiny country compared to the US or China, who are also big players in the startup world. On average, 90% of startups fail, so it is extremely rare for startups to even join the billion dollar club. That's why these kind of companies get the title unicorn. There are over 600 of them in the world, and over 60 were founded by Israelis. Some of Israel's elite tech unicorns include MoonActive, a mobile game startup, Git, an app-based transportation service, LightTricks, a company that makes content creation apps like Facetune or Fordr, an e-commerce fraud protection company. But what does it take to create one? Hi, my name is Liron Damry, I'm the president and co-founder of the Israeli Unicorn Forthor. To create a unicorn, you have to have a rare combination of a very good execution and a very strong vision that looks into the long term. If you want to get far, you have to look far. And the Israel unicorn phenomenon may have an explanation. I think Israelis are having the unique combination of a hoodspot and vision. It's always good. A unicorn is a great responsibility because you know that you carry a ton of value for your customers every day, for your employees, and for the country. If you are hoping to build a billion-dollar business, here is a little advice. Mentorship allows you to keep some of the mistakes. You will keep doing mistakes, but at least some of them will be saved through listening to others' experiences. Humans are a powerful force. They provide services to us that we never had before. They create jobs and they push humanity to be more innovative. Now that startups are scaling up, we are seeing more and more Israeli unicorns. This is proof that no matter how big or small your country may be, great things can come from it. So, who knows, maybe your own billion-dollar idea could turn into one of these. This is the Unicorn Nation. This is Inside Israel. Thanks for watching and I'll see you next time.