French Startup Scales Up is Groupon for bootstrappers

Every now and then, European entrepreneurs love to complain about how investors. The typical complaint goes something like this: European VCs are risk-averse, there’s no money on this side of the Atlantic and no European equivalent of Sand Hill Road. But every now and then, entrepreneurs love to innovate their way out of this potential problem.

France’s Twitter Problem

Yesterday as I was scrolling through my newsfeed on Facebook, a rather intriguing status update caught my eye: Twitter lessons by Valérie Trierweiler. Shortly thereafter, I discovered that France’s first lady had done a little Twitter damage by openly supporting Olivier Falorni in the upcoming legislative elections – who is up against the French president’s ex (whom he openly supports), Ségolène Royal.

Entrepreneurs, if you could change one thing about France what would it be?

Earlier this week, something amazing happened in London. Startup Caravan hosted a French startup competition – in London. Yes, London. 10 French startups were picked to hop across the English Channel and pitch for the London tech community. While there are numerous international and pan-European startup competitions that allow startups from wherever to pitch, this was one of the first times a clear effort was made to introduce some of France’s top tech startups to the UK startup crowd.

US press ignores French startup successes, and here’s proof.

Prior to the election of French President François Hollande on May 6th, successful French serial entrepreneur and investor, Marc Simoncini, threatened to leave France. Citing various issues primarily with France’s wealth tax (not to be confused with the 75% tax), the founder of Meetic said France could become the last place any entrepreneur would want to be. And guess what – the US press went wild.

Does Europe’s tech scene enjoy self-bashing?

Recently, I’ve noticed a new flood of negativity building up in Europe’s startup scene. Sure, the Euro isn’t doing particularly well and France (and apparently Will Smith?) is a little uneasy with what François Hollande’s government has in store. And Europe isn’t culturally as over-the-top optimistic as its transatlantic neighbor. Still, sometimes it feels like Europe’s tech scene enjoys a bit of self-bashing, whether it be about entrepreneurs’ incapability to “dream big” or VC’s ROI.