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?
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)
On June 9th, the Economist published an article on how the US government needs to issue more visas to foreign entrepreneurs. The article went on to cite a few examples of countries that are far more welcoming to foreign innovators, including the UK, Chile, Canada, New Zealand and Singapore. Naturally, the US – a country known practically as a country of immigrants – has many foreigners to thank for much of its success stories. But how about France?
Read More Does France need a Startup Visa?
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.
Read More Does Europe’s tech scene enjoy self-bashing?
I probably should’ve written this post a while ago to kind of clarify where I am writing these days. For anyone who hasn’t yet noticed, I’m not writing for TechCrunch anymore. And it has nothing to do with what’s been going on with AOL in the US – although, the fact that Michael Arrington, MG Siegler, Paul Carr, Sarah Lacy and Heather Harde no longer work there perhaps makes it a little less sexy. But hey. The fact of the matter is that I always said that if I wrote about French tech companies, I wanted it to be in English – so that the news could go even beyond France. That’s why I started blogging in the first place.
Read More TechBaguette has Moved. Well, Kinda.
Usually when I tell people I’m doing a Masters degree in International Political Economy, they look at me funny and follow-up with a “Huh, I guess that doesn’t really have much to do with tech.” And for a long time, I felt this way too. The IMF, the World Bank, the WTO, sovereign debt, currency crises, oil shocks, etc. didn’t really seem to overlap much with startups and innovation. But then again, startups and innovation are at the heart of economic development and growth. Therefore it’s almost impossible not to draw connections between the two fields.
Read More The Father of Modern Venture Capital was F-R-E-N-C-H