2. AGENDA 2
PARIS STARTUP SCENE 101
‣ 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.
3. 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
4. Intro to the Paris Startup Scene
100 YEARS OF
FRENCH
INNOVATION IN
ONE SLIDE
5. 100 YEARS OF FRENCH INNOVATION IN 1 SLIDE 5
THEN
TODAY
7,500 in 2011 Well-developed
(2nd in Europe, Top Schools in France Technical
4th in World) Are for Engineers Infrastructure
6. Intro to the Paris Startup Scene
FRENCH TAXES.
TOUGH ON
REVENUE.
GOOD FOR R&D.
7. FRENCH TAX LAWS – FAVORING R&D OVER REVENUE 7
CIR: Subsidized R&D up to €100M JEI Status: Subsidized employment
of designers & developers
1st year: 40%
2nd year: 35% 20% tax on top
of salary
Every year
onwards: 35% € 40K salary =
you pay €48K
All R&D beyond instead of €60K
€100M subsidized
at 5%
OSEO: €650M SMB Grants for
innovation, expansion, and R&D
8. FRENCH ENGINEERS – OVERQUALIFIED / UNDERPAID 8
Facts
Traditionally underpaid in 1000s of new engineers coming out
startups (35-40K€/year) of France’s top engineering schools
Myths
35 Hour Work Week Impossible/Expensive to Fire
9. Intro to the Paris Startup Scene
THE PARIS
STARTUP SCENE:
WHO
WHAT
WHERE
10. THE PARIS STARTUP SCENE: WHO/WHAT/WHERE 10
Who you should know…
ENTREPRENEURS STARTUPS
Xavier Niel Iliad (Free/Free Mobile) – made his money in Minitel
Marc Simoncini Meetic – Founding Partner, Jaina Capital
JB Rudelle K-Mobile Kiwee, Criteo
Tariq Krim Netvibes, JoliCloud
Jacques-Antoine Granjon (JAG) Vente-Privée
VC FIRM NOTES / INVESTMENTS
(1- 5M €) ISAI Invests 1/quarter: BlaBlaCar, Shopmium, Commerce Guys
(~1M €) Jaina Capital Takes Majority Stakes: Appsfire, Plyce
(Seed +Series A) Elaia Partners Allmyapps, Criteo, Sigfox, Scoop.it, Ykone
(300K €) IMA Ventures Sparrow, Rapportive, Paper.li, FreshPlanet
Partech, Ventech, 360 Capital, Omnes Capital, Xange
“Most Active Angel Investors in the World” -BI
11. THE PARIS STARTUP SCENE: WHAT? 11
WHAT WE DO WELL.
eCommerce Internet of Things Beautiful Apps Marketplaces
13. Intro to the Paris Startup Scene
THE FRENCH
MARKET.
PENETRATE IT.
14. THE FRENCH MARKET. PENETRATE IT. 14
A FEW FIGURES
65 Million #2 city in
Inhabitants Europe
#2 in VC in Europe
50 Million
Internet
Users
#2 city in Europe