I’m sure I don’t need to remind any of you when Instagram was acquired for $1 billion by Facebook earlier this year. There were many things about the acquisition that made the world go crazy. But aside from the insane valuation for “a company with no revenue and 10 employees” and the fact that Mark Z was signing the check, the other tiny detail that had everyone going nuts was the company’s age; at the time of the acquisition, Instagram 551-day-old Instagram had not even celebrated it’s 2nd birthday.Read More Quick acquisitions: a new trend for France?
From the moment that François Hollande became the President of France earlier this year, the international press has been waiting for entrepreneurs to leave the country. Hollande’s 75% tax rule caused quite an uproar in the French community – and even Will Smith said he found it unpalatable. However, this brilliant excuse for a little France bashing has led quite a few journalists astray, as they casually overlook the fact the entrepreneurs threatening to leave also happened to be raising massive rounds of funding to continue doing business at home (oops). I found all of this to be quite hilarious since I didn’t know a single French entrepreneur that was packing up and leaving the country. Well, until now.Read More Pixmania founders: one to leave France, the other to launch local fund
As just about everyone probably knows by now, Google announced its first France-based acquisition on Friday: Sparrow. I say “announced” because according to a few sources, Google has previously acquired France-based companies but chosen not to communicate. Anyhow, regardless of what the situation is, the Sparrow team is packing their bags and heading to Mountain View to join the Gmail team in what looks more like a talent-acquisition (another rare occurrence for France).Read More Kima Ventures’ Jeremie Berrebi says no journalists wrote true Sparrow story
Rumors had been turning around the French tech scene for quite a while that French startup Sparrow (which also happens to be my favorite email client of all time) had been in acquisition discussions. And there were rumors that several tech heavyweights had approached the company, which still hasn’t celebrated its 2nd birthday (yes, à la Instagram). But France still got a pleasant surprise when the news broke today that it was Google that would be acquiring the company.Read More The day Google acquired in France (Oh wait, that’s today).
If you thought that all the big US tech blogs ignored Europe except for the occasional LeWeb conference, well, you thought wrong. Actually, if anything, they’ve all been vamping up their European activities recently. TechCrunch has got back up to speed, counting several Europe-based writers and is set to host an event in – yes, ITALY – on Septebmer 27th. It may be yesterday’s news, but The Next Web managed to lure back Robin Wauters as its European Editor earlier this year (though it may seem like events-wise they’re focusing more on rolling out in Latin America). And now GigaOm is rolling out conferences on this side of the Atlantic as well.Read More GigaOm’s Structure conference arrives in Europe (+ discount inside)
Last week, as many of you know, I hosted the first of a 3-part conference series on innovation called Les Matinales. We had some incredible speakers, from companies like Airbnb, Uber, Stardoll, Le Petit Ballon, Eyeka, Skimm! and more. And we’ve got 2 more editions lined up for September! Since the event was ever-so-slightly outside of Paris (Ivry-sur-Seine), many people tuned in via live stream to watch. But for anyone who didn’t manage to attend virtually, here’s a quick round up of what happened…Read More Zipcar Founder: “France is leading innovation in transportation”
In a post I published earlier this week I mentioned that I had the chance to interview my new-found digital heroine, Martha Lane Fox, at LeWeb last week. In addition to co-founding Lastminute.com in 1998 with Brent Hoberman, Martha sits on the board of mydeco.com, Marks & Spencer, Channel 4 and launched Karaoke startup Lucky […]Read More Gilles Babinet: France’s new Digital Champion