Over the last few years, we’ve seen a growing interest in angel or scout programmes on behalf of European funds. Atomico, Backed VC, Blossom Capital and Ada Ventures have been among the first Europe-based funds to venture into this territory. While there are additional funds that are rumoured to be toying with the idea, I find it odd that the concept has seen only limited development in Europe. After all, such programmes could prove to be truly game changing for local investment — and the European ecosystem as a whole.
How is it possible that the first VC angel or scout programmes weren’t launched in Europe until 2018 — a full nine years after similar programmes had made their debut in the US? And why primarily with only a handful of London-based firms?
Read More Why more funds should consider launching scout programs in Europe
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
No matter how much we try to avoid it, people seem to always revert back to comparing the European tech scene with that of Silicon Valley. In many ways, it’s a bit silly and irrational. Like comparing apples and oranges. After all, the European market is highly fragmented in dozens of ways and faces numerous challenges that the US market does not. Then again, it’s a necessary step in understanding why entrepreneurship thrives in certain environments and not others. (By the way, I’ll be moderating a panel on this very topic at the Advance Conference in Germany later this month.)
Read More Come on Europe, Startups are for Losers.
Ladies and gentlemen. Mesdames et messieurs. Big changes are about to take place. Good changes, great changes. Now that it’s summer and class is officially over, it’s time for me to make a professional transition to a full-time position. (What, did you really think I was going to talk about vacation?)
Read More From TechCrunch France to Infinity…and Beyond!
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
A while back I wrote a post on how the French educational system isn’t exactly entrepreneur friendly. And this is just based off of my simple observations and personal experience at a French university. Now that I have attended university in the US, France and the UK, I can say with complete certainty that French professors are by far the harshest with their students when it comes to mistakes. One would think that they get joy out of making their students look ridiculous – even when they make the smallest of errors. I’ve even heard some “feedback” from professors that could make one borderline suicidal. Not exactly what I would call educationally encouraging…
Read More France is Putting the “F” into “Failure”
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
It’s pretty paradoxical what is happening in France’s startup scene at the moment. On one side of the spectrum, the entrepreneurs, investors and the entire ecosystem seems to be gaining momentum. Several new seed funds were created in the beginning of the year – filling a very obvious gap in the local market and visibly fueling the development of quite a few startups. Then came the various mentorship programs, like the Founder Institute. Followed by the sprouting of regular startup events, like StartinParis, or even Startup Weekend – which is conquering the whole country. The infamous Paris-based co-working hub, LaCantine, is also spreading its wings and setting-up outside of Paris, in addition to a new acceleration program they’ve launched as well. And to top it all off, we’ve now got some of the big-name entrepreneurs talking about potential YCombinator-like programs for local startups. Call me crazy but I truly believe something incredible is going on.
Read More Will The Real French Administration Please Stand Up ?
If you don’t already know, the French and the Belgians have a bit of a love-hate relationship. Kind of like the Americans and the Canadians. Who better to poke a bit of fun at than your northern neighbors, eh ? Plus, given Belgium’s rather intricately over-complicated political situation, the southern, French-speaking half of Belgium – yes, Wallonia – is often half jokingly considered a French département. So where better to head as the Editor of TechCrunch France than Belgium’s HQ ? (Yes, that means Brussels.)
Startup baguette or startup with fries ?
Before leaving, I honestly throught that Belgian entrepreneurs probably wouldn’t really be that different than French entrepreneurs. I was pretty sure that I’d find a smaller-scale France but perhaps with a bit of a Belgian twist – like site translations in French and Flemish or something. And that would really be about it. I mean, we’re all in Europe, half of Belgium speaks French and we’re all looking across the Atlantic when it comes to inspiration, right ? But, even though I was only in Brussels for something around 24 hours, what I saw made the Belgians and the French look about as different as, well, cats and dogs.
Read More The Truth About French and Belgians
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?
(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?