Over the last few years, we’ve seen a growing interest in angel or scout programmes on behalf of European funds. Atomico, Backed VC, Blossom Capital and Ada Ventures have been among the first Europe-based funds to venture into this territory. While there are additional funds that are rumoured to be toying with the idea, I find it odd that the concept has seen only limited development in Europe. After all, such programmes could prove to be truly game changing for local investment — and the European ecosystem as a whole.
How is it possible that the first VC angel or scout programmes weren’t launched in Europe until 2018 — a full nine years after similar programmes had made their debut in the US? And why primarily with only a handful of London-based firms?
Read More Why more funds should consider launching scout programs in Europe
Fiascos always present new opportunities for entrepreneurs. The dotcom bubble — which happened exactly 20 years ago — killed off companies like Pets.com but strengthened the likes of Amazon and eBay. Airbnb, Spotify, Uber, Dropbox, Adyen, Evernote and more all grew out of the economic downturn of 2008 (as many a venture capitalist likes to mention).
Even smaller-scale crises have been catalysts for startups. In France, the Icelandic volcano eruption of 2010 and the more recent metro strikes fuelled the rise of alternate means of transportation, like carpooling platform BlaBlaCar and electric scooters.
This is an opportunity — it’s time for the tech sector to seize it.
Read More Now is the best time to launch a tech startup
We’ve already read about tons of startup layoffs. 1000 people at Yelp and another 1000 at Magic Leap, almost 1000 at Lyft, 45% of the workforce at Eventbrite, 30% at Bird. Layoffs Tracker has over 300 companies listed – including the likes of Houzz, Lending Club, MindBody, The Wing and more. Yet a majority of the companies mentioned are in the US, which is perhaps not surprising given that government support for furlough is not what it is in Europe.
In Europe, the perhaps most prominent startups to announce layoffs have been UK-based so far: Deliveroo, who cut staff by 15% this morning, or Monzo, who announced the closing of it’s 165-person office in Las Vegas, etc. That said, there are prominent startups in France (I’ll avoid mentioning names) that have had to downsize and yet there is absolutely no mention of it in the press. A few people mentioned a similar situation in other European countries (Germany and the Nordics, for example). So my question is: why?
Read More Are European Startups Avoiding the Topic of Downsizing?
This is a topic that has been on my mind since the beginning of the Covid-19 crisis. In the first week or so, everyone moves into crisis-control in order to handle the immediate issues – which is a normal response. But I just can’t help wondering what new opportunities and business ideas this crisis will generate once things start to settle.
Read More Opportunity in a Time of Crisis
After several years (!) of near silence, I decided earlier this year that I would write a bit more often in 2020. However, I wasn’t quite sure what to write about for this post. Since the beginning of the year, quite a bit has happened, including:
the announcement of the French Tech 120 list
several gender diversity-related announcements (like the parental act)
3 French companies that announced mega rounds of funding (Qonto, ManoMano, EcoVadis) and €600-800 million raised in January overall
the launch of Qui veut être mon associé ?, essentially the French version of TV show Shark Tank or Dragon’s Den
I feel that all of these elements demonstrate very well how the French ecosystem is changing. So I guess I’ll comment on just about all of them.
Read More French tech: startup rankings, mega funding and early acquisitions
I cannot believe I’m saying this, but my silly blog Techbaguette recently turned 10 years old. Now, that probably isn’t saying much, because I haven’t actually published anything on the site since December 2016. But it’s kind of crazy to look back and realize how much has changed since I bought this domain on Dec […]
Read More Techbaguette turns…10!
Let me start by saying, we’ve got big things to announce over here at STATION F. Seriously BIG THINGS.
Read More Startups worldwide can now apply to STATION F.
Disclaimer: since about 2012 I’ve been following Iran’s rising startup scene. It first started with a few Startup Weekend events here and there. But I’ve seen the ecosystem really take off – and to an incredible degree and sometimes in the most unexpected ways. So – even though I usually cover France and Europe on this blog – I thought I would share a big of Iran’s rising ecosystem with you.
Read More Iranian Startups: Looks a lot like France to me
Disclaimer: I am (really) thrilled. I’d like to take this occasion to thank President Hollande, Minister Macron, the La French Tech team and the other people involved in today’s event at Elysée. It may not always seem like it – but it sends a very strong signal to not only the French ecosystem, but the […]
Read More France Opens Its Door to Foreign Entrepreneurs
A few weeks ago, I announced that I was leaving Microsoft and mentioned that in the upcoming weeks I would be announcing my next move. Some people asked me if I was moving back to California (uh, why would I do that?) and some people asked me if I was launching my own startup (maybe one day, *sigh*). And no, I was not leaving Microsoft to join Google. When people would ask me what I was going to do, I would reply…
Read More Next Stop: La Halle Freyssinet