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.Read More US press ignores French startup successes, and here’s proof.
If there’s one thing I have a low tolerance for, it’s France-bashing. Sadly, it seems to be a default sport for many journalists. Whenever they have nothing better to write about, a little critique of the oh-so-traditional French Republic will surely fill up the sapce. Take The Economist, for example. It’s a magazine that I actually still highly admire. But I remember reading this one article not too long ago about how London was just all the more attractive for the young, French population – because “France itself is hardly booming.” Uh, right.Read More Should France even want to be another Silicon Valley anyway?
I wrote a (rather exaggerated) post a while back about how French startups seemed to be going after 3 basic areas: food, fashion and flirting. And since writing that post, I’ve discovered even more e-commerce and dating sites popping up. In fact, I’m at the point where I almost don’t want to write about another dating startup for a while. Don’t get me wrong, I love new ideas and I love innovation. But I’m kind of baffled as to why everyone is trying to cram themselves into the same little space. Are all these new sites really making any kind of a difference? Or better gyt, do they even generate any revenue?
The startup help-o-meter.
At the end of that same article, I pointed out how I was rather surprised about how there were so few French sites that seemed to address the needs of tourists and international students – who flock to Paris with money to burn pretty much non-stop. If France is the world’s number one tourist destination and I’m still getting people sending me an email everytime they want to know which hotel to stay in or how they should go about renting a flat, there is clearly a need in the market for a good service that specifically addresses a foreign (cash-baring) population. But when there are still needs that are clearly not being addressed and room to innovate, why-o-why is everyone trying to cram themselves into Meetic’s space?Read More What do Louis Vuitton and Sacre Coeur have in common?
I get lots of local entrepreneurs contacting me, wondering who exactly in France has money in the bank. So just like with the Le Best of French Blogs post that I wrote-up a while ago, it’s perhaps time for a French A-list (or angel-list). Well, here it is kids. These are some names (in no particular order) that I’d want to be talking to if I was looking to fund my company in France. Obviously, some of these people are also behind funds like ISAI, Jaina and Kima but that doesn’t mean they don’t also invest à titre personnel.Read More The French A-list
This subject has actually been on my mind for a while, triggered by the first time I saw MC Hammer at a conference in San Francisco (pretty sure it was the AlwaysOn Standford Summit in 2008) and thought it was a total joke. The man had announced the launch of his start-up DanceJam.com and all I can remember thinking to myself, hashtags included:
#WTF is a hiphop celebrity from the 80s doing trying to mingle with the Silicon Valley crowd?[youtube=http://www.youtube.com/watch?v=2c4L4CPfQY8]
(Watch the video and then imagine it playing in your head as you casually see him speaking on stage at a tech conference…)Read More Does French Innovation Need a Few More Famous Faces?
Talk to anyone from Silicon Valley about French names in hi-tech and you’ll systematically get the 3 same answers: Loic Le Meur, Jeff Clavier and Pierre Omidyar – if you’re lucky. But how about French entrepreneurs in France? In an earlier post I suggested putting French entrepreneur success stories on milk cartons to remind us […]Read More Have You Seen Me? 9 French Entrepreneur Names to Know
Last week, Zlio’s Jérémie Berrebi and Iliad’s Xavier Niel announced the launch of their new seed fund, Kima Ventures, which I wrote about in TechCrunch Europe. Kima’s aim is to invest between €5,000 and €150,000 in 100 start-ups within the next 2 years. Uh, that’s a lot of seed. There’s been a lot of whispering about whether […]Read More Le Seed: FCombinator and the TechEtoiles