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?
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
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
Disclaimer: This post gets personal.
Read More Thank you, Microsoft.
Disclaimer: This article is my own personal opinion and is meant in no way to criticize or judge the startups or founders involved in #ReviensLéon. It is also in no way meant to discourage anyone who wishes to come back to France or to become a Léon from doing so. It is simply offering a […]
Read More #ReviensLéon : Let Them Live Abroad
France is not usually the first European country that comes to mind when it comes to investing in startups, especially since the arrival of socialist President Francois Hollande in 2012 and the ensuing Pigeon movement; France’s entrepreneurs revolted against government plans to double the capital gains tax to 60%. And of course, stories like the DailyMotion saga do not help. Still, France’s tech startups are not void of funding. In 2014, the top 10 investment deals amount to over €220 million. Furthermore, several French tech startups including Deezer, Blablacar andSigfox have announced $100 million rounds of funding in the last few years. So, if it’s such a bad place to invest, what exactly is going on?
Read More The Evolution of the French Investment Landscape
Disclaimer: This is a letter on behalf of me, myself and I. It does not engage or concern my employer. And for those of you who do not know Fleur Pellerin, she is the French Minister of Digital Economy.
Dear Madame la Ministre.
Read More An Open Letter to Fleur Pellerin