Refael Edry is a successful businessman, but his journey to success wasn’t easy. Edry’s military service in the Israel Defense Forces (IDF) played a significant role in shaping his entrepreneurial spirit. In this article, we’ll take a closer look at Edry’s military background and how it inspired him to create a thriving business.
From Soldier to Entrepreneur
Edry served as a soldier in the IDF for three years. During his service, he learned valuable skills that he would later use to build his business. Edry was responsible for managing a team of soldiers, organizing missions, and ensuring the safety of his team. He learned how to communicate effectively, make quick decisions, and adapt to changing situations.
After his military service, Edry enrolled in college, where he earned a degree in business and management. He then worked for several high-tech companies before deciding to start his own business. Edry founded his company, Riskified, in 2012. Riskified is a fraud prevention platform that helps merchants protect their businesses from online fraud.
Military Service and Entrepreneurship
Edry’s military service had a profound impact on his entrepreneurial journey. His experience in the IDF taught him the importance of teamwork, leadership, and strategic planning. These skills have been invaluable to Edry as he has built his business.
In an interview with Forbes, Edry said that his military service taught him to think on his feet and be comfortable with uncertainty. He also learned how to manage risk, which is crucial when starting a business. Edry said that the IDF helped him develop a “can-do” attitude, which has been essential to his success as an entrepreneur.
Building a Successful Business
Riskified has been incredibly successful, and Edry has been recognized for his achievements. In 2017, he was named to Forbes’ 30 under 30 list in the finance category. In 2020, Riskified went public, and the company’s valuation reached over $3 billion.
Edry’s military background has been a key factor in his success. His experience as a soldier taught him to be disciplined, adaptable, and resilient, qualities that are essential for any entrepreneur. Edry’s “can-do” attitude has helped him overcome obstacles and build a successful business.
Lessons Learned
Edry’s journey from soldier to entrepreneur offers valuable lessons for aspiring business owners. Military service can provide individuals with a unique set of skills and experiences that can be applied to the business world. Skills such as leadership, teamwork, and strategic thinking are highly valued in the business world.
Edry’s success also highlights the importance of taking risks. Starting a business is a risky endeavor, but Edry’s military experience taught him how to manage risk and take calculated risks when necessary. He was able to turn his passion for entrepreneurship into a thriving business.
Conclusion
Refael Edry’s military service played a significant role in shaping his entrepreneurial journey. His experience in the IDF taught him valuable skills that he would later use to build his business. Edry’s “can-do” attitude, discipline, and adaptability have been essential to his success as an entrepreneur. His story serves as an inspiration for anyone looking to start their own business.
