rude baguette - intro to the paris startup scene
DESCRIPTION
A presentation given for General Assembly's European Buffet - Introducing London to the Paris Startup Scene.TRANSCRIPT
INTRO TO THEPARIS STARTUPSCENELiam BoogarEditor, Rude Baguette
PARIS STARTUP SCENE 101AGENDA
‣ Background: Who the F*CK am I?‣ History: 100 years of French innovation in 1 slide‣ French tax laws – tough on revenue, but loves R&D‣ French Engineers – underpaid & overqualified‣ The Startup Scene – Who/What you need to know‣ The French Market – penetrate it.
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INTRODUCTION 3
WHO AM I?‣ Born in the Silicon Valley‣ Moved to France in 2010
‣ Rude Baguette – France’s Startup Blog‣ Launched in November, 2011‣ 30K UV/month today‣ 47% readers in France‣ Referenced by TechCrunch, Pandodaily,
GigaOm & TechMeme in last 60 days
100 YEARS OFFRENCHINNOVATION INONE SLIDE
Intro to the Paris Startup Scene
THEN
5100 YEARS OF FRENCH INNOVATION IN 1 SLIDE
7,500 in 2011(2nd in Europe,4th in World)
Top Schools in FranceAre for Engineers
Well-developedTechnical
Infrastructure
TODAY
FRENCH TAXES.TOUGH ONREVENUE.GOOD FOR R&D.
Intro to the Paris Startup Scene
CIR: Subsidized R&D up to €100M
7FRENCH TAX LAWS – FAVORING R&D OVER REVENUE
1st year: 40%2nd year: 35%
Every yearonwards: 35%
All R&D beyond€100M subsidizedat 5%
JEI Status: Subsidized employmentof designers & developers
20% tax on topof salary
€ 40K salary =you pay €48Kinstead of €60K
OSEO: €650M SMB Grants forinnovation, expansion, and R&D
Traditionally underpaid instartups (35-40K€/year)
8FRENCH ENGINEERS – OVERQUALIFIED / UNDERPAID
Myths
1000s of new engineers coming outof France’s top engineering schools
35 Hour Work Week Impossible/Expensive to Fire
Facts
THE PARISSTARTUP SCENE:
WHOWHATWHERE
Intro to the Paris Startup Scene
ENTREPRENEURS
Xavier NielMarc Simoncini
JB RudelleTariq Krim
Jacques-Antoine Granjon (JAG)
THE PARIS STARTUP SCENE: WHO/WHAT/WHERE
STARTUPS
Iliad (Free/Free Mobile) – made his money in MinitelMeetic – Founding Partner, Jaina CapitalK-Mobile Kiwee, CriteoNetvibes, JoliCloudVente-Privée
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Who you should know…
NOTES / INVESTMENTS
(1- 5M €) ISAI(~1M €) Jaina Capital
(Seed +Series A) Elaia Partners(300K €) IMA Ventures
VC FIRM
Invests 1/quarter: BlaBlaCar, Shopmium, Commerce GuysTakes Majority Stakes: Appsfire, PlyceAllmyapps, Criteo, Sigfox, Scoop.it, YkoneSparrow, Rapportive, Paper.li, FreshPlanet
“Most Active Angel Investors in the World” -BIPartech, Ventech, 360 Capital, Omnes Capital, Xange
eCommerce
WHAT WE DO WELL.THE PARIS STARTUP SCENE: WHAT? 11
Internet of Things Beautiful Apps Marketplaces
SILICON SENTIERTHE PARIS STARTUP SCENE: WHERE? 12
THE FRENCHMARKET.PENETRATE IT.
Intro to the Paris Startup Scene
A FEW FIGURESTHE FRENCH MARKET. PENETRATE IT. 14
65 MillionInhabitants
50 MillionInternetUsers
#2 city inEurope
#2 city in Europe
#2 in VC in Europe
Q&AINTRO TO THE PARIS STARTUP SCENE 15
THANK YOU.INTRO TO THE PARIS STARTUP SCENE 16