With more startups per capita than anywhere in the world, Tel Aviv is consistently ranked among the world’s leading tech cities, making it a formidable competitor to Silicon Valley, London and Berlin.

At the same time, Israeli startups command an outsized presence on the most important equity exchanges. After the U.S. and Canada, Nasdaq has more Israeli companies than from any other country, and London boasts more Israeli IPOs than from any other foreign nation.

Avichay Nissenbaum, general partner at Tel Aviv-based Venture Capital firm Lool Ventures, and other members of the city’s startup community talk about why Tel Aviv works.